9-1702.Examination of fiduciaries and affiliated
organizations and their officers and employees.
(a) The commissioner or the commissioner's designee is
hereby authorized to examine the fiduciary affairs of any officer or
employee of any bank
or trust company when such officer or employee is serving
in any fiduciary
capacity
that may affect the safety and soundness of such bank or trust company.
(b) The commissioner or the commissioner's designee is hereby
authorized to examine any
investment
company, holding company, corporation
or any other form of business entity which is affiliated
with any bank
or trust company to fully ascertain:
(1) The relationship between such bank or trust company and any such
affiliate; and
(2) the effect of such relationship on the bank or trust company.
(c) For the purposes of this section, "affiliate" shall have the meaning
ascribed to it in section 2 of the bank holding act of
1956, 12 U.S.C. §1841.
History: L. 1947, ch. 102, § 88; L. 1975, ch. 44, § 30;
L. 2005, ch. 6, § 1; July 1.
9-1702.Examination of fiduciaries and affiliated
organizations and their officers and employees.
(a) The commissioner or the commissioner's designee is
hereby authorized to examine the fiduciary affairs of any officer or
employee of any bank
or trust company when such officer or employee is serving
in any fiduciary
capacity
that may affect the safety and soundness of such bank or trust company.
(b) The commissioner or the commissioner's designee is hereby
authorized to examine any
investment
company, holding company, corporation
or any other form of business entity which is affiliated
with any bank
or trust company to fully ascertain:
(1) The relationship between such bank or trust company and any such
affiliate; and
(2) the effect of such relationship on the bank or trust company.
(c) For the purposes of this section, "affiliate" shall have the meaning
ascribed to it in section 2 of the bank holding act of
1956, 12 U.S.C. §1841.
History: L. 1947, ch. 102, § 88; L. 1975, ch. 44, § 30;
L. 2005, ch. 6, § 1; July 1.
9-1702.Examination of fiduciaries and affiliated
organizations and their officers and employees.
(a) The commissioner or the commissioner's designee is
hereby authorized to examine the fiduciary affairs of any officer or
employee of any bank
or trust company when such officer or employee is serving
in any fiduciary
capacity
that may affect the safety and soundness of such bank or trust company.
(b) The commissioner or the commissioner's designee is hereby
authorized to examine any
investment
company, holding company, corporation
or any other form of business entity which is affiliated
with any bank
or trust company to fully ascertain:
(1) The relationship between such bank or trust company and any such
affiliate; and
(2) the effect of such relationship on the bank or trust company.
(c) For the purposes of this section, "affiliate" shall have the meaning
ascribed to it in section 2 of the bank holding act of
1956, 12 U.S.C. §1841.
History: L. 1947, ch. 102, § 88; L. 1975, ch. 44, § 30;
L. 2005, ch. 6, § 1; July 1.