TITLE 19
Financial institutions

CHAPTER 19-4
Regulatory Oversight

SECTION 19-4-1


§ 19-4-1 Examination on application by depositors, stockholders, directors, or trustees.

Upon the written application, under oath, to the director or the director's designee by depositors representing five percent (5%) of the deposits of any financial institution, as shown by the last published return of the financial institution, or upon the written application to the director or the director's designee of persons holding at least twenty-five percent (25%) of the outstanding capital stock of any regulated institution, or upon the written application to the director or the director's designee of at least one third ( 1/3) in number of the board of directors or trustees of any regulated institution, setting forth their interest and the reasons for making an examination, and requesting him or her to examine the regulated institution, the director or the director's designee may make or cause to be made a full investigation or examination of its affairs as provided by law.

History of Section.
(P.L. 1995, ch. 82, § 42; P.L. 1997, ch. 98, § 4.)