At each examination, the commissioner or an examiner may examine the cash, bills, collaterals and securities, books of account, the condition and affairs of the bank, the mode of conducting and managing the affairs of the bank, the action of its directors, and the investment of the funds of the bank. The commissioner or an examiner shall have power to examine the directors and all other persons under oath as to the value of all collaterals, securities and other assets of the bank. Any officer of a bank refusing to the commissioner or examiner any of the papers, securities, the books of account or cash of a bank shall subject such bank to liquidation as provided by law.
The commissioner or an examiner may call for statements from all correspondent banks and all other persons or corporations showing a balance on the books of the bank at each examination.
The commissioner, examiners, or any other employee of the department shall not reproduce a copy of any information in the possession of any bank pertaining to the names of the stockholders of such bank or the amount of shares owned by such stockholders, nor shall the commissioner, examiners or any other employee of the department remove such stockholder information from the confines of the bank, any provision contained herein to the contrary notwithstanding.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 1 - Department of Banking and Consumer Finance
§ 81-1-59. Department of banking and consumer finance
§ 81-1-61. Commissioner of Banking and Consumer Finance; qualifications; term of office; vacancies
§ 81-1-63. Deputy commissioner; duties; qualifications; dismissal
§ 81-1-67. Oath of office and bond
§ 81-1-69. Salaries of commissioner and deputy commissioner
§ 81-1-71. Reimbursement of travel expenses; annual audit
§ 81-1-75. Furniture, fixtures, equipment and department expenses
§ 81-1-79. Attorney general as legal adviser; special counsel
§ 81-1-83. Powers and duties of officer making examination
§ 81-1-85. Witnesses' attendance may be compelled; penalty for false statements
§ 81-1-87. Testimony to be taken by stenographer; compensation of stenographer
§ 81-1-91. Past due paper; certain items to be charged off
§ 81-1-93. Special examinations and special services; cost and expenses
§ 81-1-95. New statement may be ordered after finding of material changes or errors
§ 81-1-97. Call reports by banks; attestation
§ 81-1-101. False statement of bank official; penalty
§ 81-1-105. Injunction against commissioner by bank
§ 81-1-107. Assessment against banks for maintenance fund
§ 81-1-109. Disbursements from department maintenance fund
§ 81-1-111. Forms and record books to be supplied
§ 81-1-113. Annual report to legislature
§ 81-1-117. Transfer of functions
§ 81-1-125. Commissioner to issue orders for supervisory control with regard to banks
§ 81-1-129. Appeal of cease and desist order
§ 81-1-131. Fines and penalties; reimbursement