§ 27. Exchange and examination of securities.
1.Any corporation,\nunincorporated association, partnership or individual which shall have\ndeposited with the superintendent in trust any stocks or bonds in\npursuance of any requirement of this chapter, may be permitted by the\nsuperintendent, so long as it shall continue business in the ordinary\ncourse, from time to time to withdraw any of such stocks or bonds upon\ndepositing with the superintendent other stocks or bonds of the kind it\nis required by this chapter to deposit with him and if the value of the\nstocks or bonds so held by the superintendent exceeds the amount\nrequired by this chapter to be so deposited, the stocks or bonds in\nexcess of such amount may be withdrawn without depositing others in\nexchange therefor.\n 2. Any
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§ 27. Exchange and examination of securities. 1. Any corporation,\nunincorporated association, partnership or individual which shall have\ndeposited with the superintendent in trust any stocks or bonds in\npursuance of any requirement of this chapter, may be permitted by the\nsuperintendent, so long as it shall continue business in the ordinary\ncourse, from time to time to withdraw any of such stocks or bonds upon\ndepositing with the superintendent other stocks or bonds of the kind it\nis required by this chapter to deposit with him and if the value of the\nstocks or bonds so held by the superintendent exceeds the amount\nrequired by this chapter to be so deposited, the stocks or bonds in\nexcess of such amount may be withdrawn without depositing others in\nexchange therefor.\n 2. Any such corporation, unincorporated association, partnership or\nindividual may, at any time during ordinary business hours, examine such\nstocks or bonds and compare them with the record on the books of the\ndepartment. Unless it shall deliver to the superintendent at least once\nin each calendar year, a statement listing such stocks or bonds and the\namounts thereof, and stating that they are in the custody and possession\nof the superintendent at the date of the statement, the state\ncomptroller and the superintendent shall appoint some suitable and\ndiscreet person as agent for such corporation, unincorporated\nassociation, partnership or individual, who shall make an examination of\nsuch stocks or bonds. If such agent finds that the stocks or bonds held\nby the superintendent agree with the records thereof on the books of the\ndepartment, he shall execute a statement in the form above described and\ntransmit a copy thereof to the corporation, unincorporated association,\npartnership or individual in behalf of which it is made, and such\nstatement shall have the same force and effect as if executed by such\ncorporation, unincorporated association, partnership or individual.\nCompensation for the services and expenses of such agent in making such\nexamination shall be paid as a general expense of the department.\n