§ 2003

With respect to each savings bank holding company and each subsidiary thereof the following shall apply: (1) Each savings bank holding company and each subsidiary thereof shall file with the Commissioner reports as required by the Commissioner. The form of the reports shall be prescribed by the Commissioner and may require whatever information he deems necessary concerning the operations of each savings bank holding company and subsidiary. (2) Each savings bank holding company shall maintain those books and records as may be prescribed by the Commissioner. (3) Each savings bank holding company and each subsidiary thereof shall be subject to examination as the Commissioner shall prescribe. (4) Each savings bank holding company under this Article may engage in activities prescribed by the Commissioner by regulation. (5) Each savings bank holding company operating under this Act shall be assessed fees and charges by the Commissioner as necessary to cover the cost of its examination and supervision under this Act. The holding company shall pay these fees and charges promptly. The Commissioner is empowered to issue rules and regulations to establish fees to support registration, examination and supervision under this Act.

Legislative History

(Source: P.A. 86-1213.)