Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.146 State savings bank to give examiners access to books, etc.; examination of directors, officers and ...

§ 6.1-194.146. State savings bank to give examiners access to books, etc.; examination of directors, officers and ...

A. The officers, directors and employees of every state savings bank shall, upon the demand of the person designated by law to make any examination of the institution, (i) give to such examiner full access to all money, books, papers, notes, bills and other evidence of debt of the savings bank, (ii) disclose fully and truly all of its indebtedness and liability, and (iii) furnish the examiner with all information which the examiner deems necessary to a full investigation into the affairs of the savings bank.

B. The Commission is empowered to examine under oath any and all of the directors, officers, clerks, and employees of a savings bank touching any matter or thing connected with the operation of the savings bank. Any duly authorized examiner shall have the authority to administer oaths to the persons examined.

(1991, c. 230.)

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Last modified: April 2, 2009