6-474. Accounting practices and records A. Every association shall maintain in this state a detailed record of all transactions of the association at its home office, or at a branch office or at a central accounting or computer center servicing one or more associations, provided that general accounting records and their maintenance shall not be […]
6-475. Branch office A. A branch office is a legally established place of business of the association, other than the home office, authorized by the board of directors and approved by the deputy director, at which payments on, and withdrawal from, accounts and loan payments may be accepted and applications for loans may be received, […]
6-476. Examination The deputy director shall make a report of each examination to the board of directors of the association examined, and if the affairs of the association are not being conducted in accordance with this chapter, the deputy director may require the directors, officers, or employees to take any necessary corrective action. In the […]
6-477. Audit by public accountant An audit of the affairs of the association shall be made annually as of the end of its fiscal year by or under the direction of the board of directors. The deputy director may prescribe certain minimum requirements of the audit and shall require the filing of a copy of […]
6-478. Reports to deputy director and members A. Every association operating under this chapter shall file with the deputy director within sixty days following the close of each fiscal year of such association, a statement showing its financial condition at the close of the fiscal year and its operations for the year then ended. Each […]
6-479. Information to federal authorities The deputy director may give copies of reports of the deputy director’s examinations of an association, and copies of the association’s reports to the deputy director, and any other information that the deputy director has concerning the association, to the federal home loan bank, or its successor instrumentality, of which […]
6-482. Receiver; appointment; transfer of assets; powers; liability A. If the court grants a petition for receivership filed by the deputy director, the deputy director shall be appointed as receiver and may forthwith take possession of the property and business of the association and retain possession until the association resumes business or its affairs are […]
6-483. Procedure for liquidation; rights of share transferor A. The liquidation under this article of an association, and a receivership thereof, may, at the discretion of the receiver or receivers, be conducted and carried out in full or in part in the same manner as provided in this title for the liquidation of or receivership […]
6-484. Illegal use of name; classification No person shall use the name " building and loan company" , " building and loan association" , " savings and loan company" , or " savings and loan association" unless complying with the provisions of this title. A person using a name embodying any combination of the words […]
