Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-32.24 Investigations; examinations

§ 6.1-32.24. Investigations; examinations

The Commission may, by its designated officers and employees, as often as it deems necessary, investigate and examine the affairs, business, premises and records of any trust company and of any trust company holding company. Examinations of such trust companies shall be conducted at least twice in each three-year period. In the course of such investigations and examination, the principals, officers, directors, and employees of such trust company or trust company holding company being investigated or examined shall, upon demand of the person making such investigation or examination, afford full access to all premises, books, records and information which the person making such investigation or examination deems necessary. For the foregoing purposes, the person making such investigation or examination shall have authority to administer oaths, examine under oath all the aforementioned persons, and compel the production of papers and objects of all kinds.

(1993, c. 432; 1995, c. 140.)

Sections:  Previous  6.1-32.18:2  6.1-32.18:3  6.1-32.19  6.1-32.20  6.1-32.21  6.1-32.22  6.1-32.23  6.1-32.24  6.1-32.25  6.1-32.26  6.1-32.27  6.1-32.28  6.1-32.29  6.1-32.30  6.1-32.30:1  Next

Last modified: April 2, 2009