State Codes and Statutes

Statutes > New-york > Bnk > Article-5-b > 221-g

§ 221-g.  Superintendent  authorized  to  examine;  expenses.  For the  purpose  of  discovering  violations  of  this   article   or   securing  information  lawfully  required by him hereunder, the superintendent may  at any time, and as often as may be determined, either personally or  by  a   person  duly  designated  by  him,  investigate  the  activities  of  representatives of licensees and examine the books,  accounts,  records,  and  files  used  in relation to those activities.  For that purpose the  superintendent and a duly designated representative (i) shall have  free  access  to  the  offices, books, accounts, papers, records, files, safes  and vaults of licensees and their representatives, and (ii)  shall  have  authority  to  require  the  attendance of and to examine under oath all  persons whose testimony may be required relative to the activities of  a  representative. The expenses incurred in making any examination pursuant  to  this  section  shall be assessed against and paid by the licensee so  examined, except that traveling and  subsistence  expenses  so  incurred  shall  be  charged  against and paid by licensees in such proportions as  the  superintendent  shall  deem   just   and   reasonable,   and   such  proportionate  charges  shall  be  added  to the assessment of the other  expenses incurred upon each examination.  Upon  written  notice  by  the  superintendent  of  the  total  amount  of such assessment, the licensee  shall  become  liable  for  and  shall  pay  such  assessment   to   the  superintendent.

State Codes and Statutes

Statutes > New-york > Bnk > Article-5-b > 221-g

§ 221-g.  Superintendent  authorized  to  examine;  expenses.  For the  purpose  of  discovering  violations  of  this   article   or   securing  information  lawfully  required by him hereunder, the superintendent may  at any time, and as often as may be determined, either personally or  by  a   person  duly  designated  by  him,  investigate  the  activities  of  representatives of licensees and examine the books,  accounts,  records,  and  files  used  in relation to those activities.  For that purpose the  superintendent and a duly designated representative (i) shall have  free  access  to  the  offices, books, accounts, papers, records, files, safes  and vaults of licensees and their representatives, and (ii)  shall  have  authority  to  require  the  attendance of and to examine under oath all  persons whose testimony may be required relative to the activities of  a  representative. The expenses incurred in making any examination pursuant  to  this  section  shall be assessed against and paid by the licensee so  examined, except that traveling and  subsistence  expenses  so  incurred  shall  be  charged  against and paid by licensees in such proportions as  the  superintendent  shall  deem   just   and   reasonable,   and   such  proportionate  charges  shall  be  added  to the assessment of the other  expenses incurred upon each examination.  Upon  written  notice  by  the  superintendent  of  the  total  amount  of such assessment, the licensee  shall  become  liable  for  and  shall  pay  such  assessment   to   the  superintendent.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-5-b > 221-g

§ 221-g.  Superintendent  authorized  to  examine;  expenses.  For the  purpose  of  discovering  violations  of  this   article   or   securing  information  lawfully  required by him hereunder, the superintendent may  at any time, and as often as may be determined, either personally or  by  a   person  duly  designated  by  him,  investigate  the  activities  of  representatives of licensees and examine the books,  accounts,  records,  and  files  used  in relation to those activities.  For that purpose the  superintendent and a duly designated representative (i) shall have  free  access  to  the  offices, books, accounts, papers, records, files, safes  and vaults of licensees and their representatives, and (ii)  shall  have  authority  to  require  the  attendance of and to examine under oath all  persons whose testimony may be required relative to the activities of  a  representative. The expenses incurred in making any examination pursuant  to  this  section  shall be assessed against and paid by the licensee so  examined, except that traveling and  subsistence  expenses  so  incurred  shall  be  charged  against and paid by licensees in such proportions as  the  superintendent  shall  deem   just   and   reasonable,   and   such  proportionate  charges  shall  be  added  to the assessment of the other  expenses incurred upon each examination.  Upon  written  notice  by  the  superintendent  of  the  total  amount  of such assessment, the licensee  shall  become  liable  for  and  shall  pay  such  assessment   to   the  superintendent.

Categories