§ 5-3A-15 — Semiannual Reports by Banks - Republication

Alabama § 5-3A-15

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 3A: Examinations of Banks; Reports of Banks
• Art. 1: Examination of Banks

Text

If there are discrepancies in the published report of the bank and the sworn report furnished to the superintendent and if, in the opinion of the superintendent, the discrepancies are due to clerical errors, the superintendent shall notify the bank to republish the report so as to conform with the sworn report filed with the superintendent, and the bank shall make such republication. If, in the opinion of the superintendent, the discrepancies in the published and sworn reports are not due to clerical errors, the superintendent shall forthwith publish a true and correct report as shown by the sworn report filed with the superintendent, stating in such publication that the published report of the bank did not conform to the sworn report on file with the superintendent, and the bank shall pay the costs and expenses of such republication.

Legislative History

(Acts 1980, No. 80-658, §5-3-15.)