§ 53C-8-10 – Willfully and maliciously making derogatory reports.
53C-8-10. Willfully and maliciously making derogatory reports. Any person who shall willfully and maliciously make, circulate, transmit, or otherwise communicate any statement, rumor, or suggestion to one or more other persons that is directly or by inference false and derogatory to the financial condition, or affects the solvency or financial standing, of any bank, or […]
§ 53C-8-11 – Misapplication, embezzlement of funds.
53C-8-11. Misapplication, embezzlement of funds. (a) Any person who, with intent to defraud or injure a bank or any other person or with intent to deceive an officer of the bank or an employee of the OCOB appointed to examine the affairs of the bank, commits any of the following acts shall be guilty of […]
§ 53C-8-12 – Enforcement of the banking laws.
53C-8-12. Enforcement of the banking laws. (a) When the Commissioner believes that a violation of the banking laws has occurred or is continuing, the Commissioner may order an examination or investigation of the facts and circumstances relating to the suspected violation. (b) Every bank failing to make and transmit any report that the Commissioner is […]
§ 53C-8-13 – Immediate action orders.
53C-8-13. Immediate action orders. (a) In the event that the Commissioner determines that a bank has inadequate capital or insufficient capital or determines that immediate action is necessary to cause a bank to conduct its business in a safe and sound manner or to cause a bank or any of its directors, officers, or employees […]
§ 53C-8-1 – Commissioner has authority to supervise banks.
53C-8-1. Commissioner has authority to supervise banks. (a) Every bank shall be under the supervision of the Commissioner. It shall be the Commissioner’s duty to enforce the banking laws through the employees and agents of the OCOB. All banks shall conduct their business in a manner consistent with the banking laws. (b) The Commissioner may […]
§ 53C-8-2 – Assessments and fees.
53C-8-2. Assessments and fees. Banks shall pay the following assessments and fees into the OCOB within 10 days after receipt of an invoice: (1) Annual assessments. – Each bank shall pay a cumulative assessment based on its total assets as shown on its report of condition made to the Commissioner as of December 31 each […]
§ 53C-8-3 – Reports required of banks.
53C-8-3. Reports required of banks. (a) Each bank shall file the following with the Commissioner, at such times, on such forms, and in such formats as the Commissioner may require: (1) Annual reports of conditions. (2) Periodic reports for interim periods within a year, not less than monthly in any case. (b) In addition to […]