Commissioner to make examinations of banks. The Commissioner shall make a thorough examination of and into the affairs of every bank doing business under this title, as often as the Commissioner may deem necessary, but at least once within each 18-month period. In lieu thereof, the Commissioner may accept any or all of a report of an examination of a bank made by a federal regulatory agency. If the Commissioner accepts any part of such a report in one 18-month period, he shall examine the bank to which the report pertains in the succeeding 18-month period.
Last modified: February 26, 2006