123 – Reports of Directors’ Examinations.

§ 123. Reports of directors' examinations.  1.  A report in writing of
  any examination made pursuant to the requirements of section one hundred
  twenty-two of this article, shall be presented to the board of directors
  of  such  bank  or  trust  company  at  their next regular meeting after
  completion of such examination, and placed on file in such bank or trust
  company,  and  a  duplicate  thereof  filed  in  the   office   of   the
  superintendent.  Such  report  shall  contain  such  information  as the
  superintendent shall require.
2. A report prepared pursuant to part three hundred sixty-three of the
  rules and regulations of the Federal Deposit Insurance  Corporation,  as
  the  same  may be amended from time to time, may, in the sole discretion
  of the  superintendent,  satisfy  the  reporting  requirements  of  this
  section.
3.  Any report filed in the office of the superintendent shall include
  a certificate that such report was presented to the board of  directors,
  in the form prescribed by the superintendent.