26-2708. ANNUAL LICENSE REVIEW BY DIRECTOR. (1) The director shall examine each licensee not less than once each calendar year to determine whether or not the licensee is in compliance with the provisions of this chapter.
(2) The director may at any time examine a licensee or subsidiary of a licensee.
(3) A director, officer, or employee of a licensee or of a subsidiary of a licensee being examined by the director, or a person having custody of any of the books, accounts, or records of the licensee or of the subsidiary, shall exhibit to the director, on request, any of the books, accounts, and other records of the licensee or of the subsidiary and shall otherwise facilitate the examination so far as it is in their power to do so.
(4) If in the director’s opinion it is necessary in the examination of a licensee or of a subsidiary of a licensee, the director may retain a certified public accountant, attorney, appraiser, or other person to assist the director. Within ten (10) days after receipt of a statement from the director, the licensee being examined shall pay the fees of a person retained by the director under this subsection.
History:
[26-2708, added 1989, ch. 252, sec. 1, p. 608.]
Structure Idaho Code
Chapter 27 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS
Section 26-2701 - PURPOSE OF CHAPTER.
Section 26-2702 - DEFINITIONS.
Section 26-2703 - POWERS OF DIRECTOR.
Section 26-2704 - APPLICATIONS — INVESTIGATIONS — SERVICE OF PROCESS.
Section 26-2707 - ANNUAL REPORT TO LEGISLATURE REQUIRED.
Section 26-2708 - ANNUAL LICENSE REVIEW BY DIRECTOR.
Section 26-2709 - REQUIREMENTS FOR LICENSURE.
Section 26-2710 - PRELIMINARY APPROVAL — DENIAL IN WRITING — POSTING OF LICENSE.
Section 26-2711 - USE OF BIDCO NAME RESTRICTED — EXCEPTION.
Section 26-2712 - DUAL LICENSURE — EXCEPTIONS.
Section 26-2713 - SURRENDER OF LICENSE.
Section 26-2714 - CORPORATE NAME — DIRECTORS — DIVIDENDS — RESTRICTION ON USE OF PUBLIC MONEYS.
Section 26-2715 - OFFICES — LOCATION.
Section 26-2716 - BUSINESS ACTIVITIES — CORPORATE POWERS.
Section 26-2717 - FORMS OF FINANCIAL AND MANAGEMENT ASSISTANCE — INTEREST RATES.
Section 26-2718 - BIDCO ACQUIRING ANOTHER FIRM — APPLICATION — REQUIREMENTS.
Section 26-2719 - SOUND BUSINESS PRACTICES REQUIRED.
Section 26-2720 - CONFLICT OF INTEREST — DEFINED.
Section 26-2721 - ACQUISITION OF BIDCO — APPROVAL REQUIRED.
Section 26-2722 - MERGER — REQUIREMENTS — APPLICATIONS.
Section 26-2723 - VIOLATION OF CHAPTER — DIRECTOR’S POWERS — HEARINGS — CEASE AND DESIST.
Section 26-2724 - VIOLATION OF CHAPTER — REMOVAL OF SUBJECT PERSON.
Section 26-2725 - INDICTMENT OR CONVICTION OF A CRIME — REMOVAL OF SUBJECT PERSON.
Section 26-2726 - DISCLOSURE TO SHAREHOLDERS — BOARD OF DIRECTORS.
Section 26-2727 - ORDER TO REFRAIN FROM OFFERING FINANCIAL ASSISTANCE — CONDITIONS — HEARING.
Section 26-2728 - APPOINTMENT OF TRUSTEE — LIQUIDATION OF THE BIDCO — PROCEDURE.
Section 26-2729 - VIOLATION OF CHAPTER — CIVIL PENALTIES.
Section 26-2730 - PROHIBITED ACTS — EXCEPTIONS — PENALTIES.
Section 26-2731 - CONSTRUCTION — PROMULGATION OF RULES — APPLICABILITY OF CHAPTER.