51A-6A-32. Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations.
85 words·~1 min read·
/sd/title-51/chapter-51-6/51a-6a-32·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If upon the examination of any trust company, the director considers it necessary, the director may examine the fiduciary affairs of any officer or employee of any trust company; and upon similar determination, the director may examine any investment company or holding company or corporation that is affiliated with any trust company as to matters relevant to the safety and soundness of the trust company. Determinations by the director pursuant to this section are subject to review by the commission pursuant to chapter 1-26 .