(1) The State Treasurer may request that the Director of the Department of Consumer and Business Services or another state or federal agency with primary regulatory authority over any financial institution that is a bank depository or that applies to become a bank depository investigate and report to the State Treasurer concerning the condition of the financial institution.
(2) The financial institution examined under this section shall pay the expenses of the investigation and report.
(3) In lieu of an investigation and report, the State Treasurer may rely upon information made available to the State Treasurer or the Director of the Department of Consumer and Business Services by the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System or any state bank or thrift regulatory agency. [2007 c.871 §8]
Note: See note under 295.031.
Section: Previous 295.055 295.056 295.060 295.061 295.065 295.065 295.070 295.071 295.073 295.075 295.080 295.081 295.084 295.085 295.085 NextLast modified: August 7, 2008