State Codes and Statutes

Statutes > North-carolina > Chapter_54C > GS_54C-57

§ 54C‑57.  Commissionerof Banks to have right of access to books and records of the savings bank;right to issue subpoenas, administer oaths, examine witnesses.

(a)        The Commissioner ofBanks and the Commissioner of Banks' agents:

(1)        Shall have freeaccess to all books and records of a savings bank, or a service corporation orholding company thereof, that relate to its business, and the books and recordskept by an officer, agent, or employee relating to or upon which any record iskept;

(2)        May subpoena witnessesand administer oaths or affirmations in the examination of any director,officer, agent, or employee of a savings bank, or a service corporation orholding company thereof or of any other person in relation to its affairs,transactions, and conditions;

(3)        May require theproduction of records, books, papers, contracts, and other documents; and

(4)        May order thatimproper entries be corrected on the books and records of a savings bank.

(b)        The Commissioner ofBanks may issue subpoenas duces tecum.

(c)        If a person failsto comply with a subpoena so issued or a party or witness refuses to testify onany matters, a court of competent jurisdiction, on the application of theCommissioner of Banks, shall compel compliance by proceedings for contempt as inthe case of disobedience of the requirements of a subpoena issued from thecourt or a refusal to testify in the court. (1991, c. 680, s. 1; 2001‑193, s. 16.)

State Codes and Statutes

Statutes > North-carolina > Chapter_54C > GS_54C-57

§ 54C‑57.  Commissionerof Banks to have right of access to books and records of the savings bank;right to issue subpoenas, administer oaths, examine witnesses.

(a)        The Commissioner ofBanks and the Commissioner of Banks' agents:

(1)        Shall have freeaccess to all books and records of a savings bank, or a service corporation orholding company thereof, that relate to its business, and the books and recordskept by an officer, agent, or employee relating to or upon which any record iskept;

(2)        May subpoena witnessesand administer oaths or affirmations in the examination of any director,officer, agent, or employee of a savings bank, or a service corporation orholding company thereof or of any other person in relation to its affairs,transactions, and conditions;

(3)        May require theproduction of records, books, papers, contracts, and other documents; and

(4)        May order thatimproper entries be corrected on the books and records of a savings bank.

(b)        The Commissioner ofBanks may issue subpoenas duces tecum.

(c)        If a person failsto comply with a subpoena so issued or a party or witness refuses to testify onany matters, a court of competent jurisdiction, on the application of theCommissioner of Banks, shall compel compliance by proceedings for contempt as inthe case of disobedience of the requirements of a subpoena issued from thecourt or a refusal to testify in the court. (1991, c. 680, s. 1; 2001‑193, s. 16.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_54C > GS_54C-57

§ 54C‑57.  Commissionerof Banks to have right of access to books and records of the savings bank;right to issue subpoenas, administer oaths, examine witnesses.

(a)        The Commissioner ofBanks and the Commissioner of Banks' agents:

(1)        Shall have freeaccess to all books and records of a savings bank, or a service corporation orholding company thereof, that relate to its business, and the books and recordskept by an officer, agent, or employee relating to or upon which any record iskept;

(2)        May subpoena witnessesand administer oaths or affirmations in the examination of any director,officer, agent, or employee of a savings bank, or a service corporation orholding company thereof or of any other person in relation to its affairs,transactions, and conditions;

(3)        May require theproduction of records, books, papers, contracts, and other documents; and

(4)        May order thatimproper entries be corrected on the books and records of a savings bank.

(b)        The Commissioner ofBanks may issue subpoenas duces tecum.

(c)        If a person failsto comply with a subpoena so issued or a party or witness refuses to testify onany matters, a court of competent jurisdiction, on the application of theCommissioner of Banks, shall compel compliance by proceedings for contempt as inthe case of disobedience of the requirements of a subpoena issued from thecourt or a refusal to testify in the court. (1991, c. 680, s. 1; 2001‑193, s. 16.)