§ 45-1-119 — Annual report

(a) The commissioner shall report to the governor annually within sixty (60) days after the end of each calendar year. The report shall include: (1) The text of all rules of the department of general application adopted or altered since the commissioner's last previous report; (2) Recommendations for legislation; (3) A statement of the status and remaining assets and liabilities of all banking organizations in the possession of the commissioner; (4) A summary of all changes occurring since the commissioner's last previous report by reason of opening new state banks, mergers and conversions, increases and decreases in capital and the like; and (5) A combined statement of condition of all state banks as of the date of the most recent reports of condition rendered to the commissioner, and reference to the availability in the commissioner's office of the statements of condition of each state bank, as of the date of the most recent reports to the commissioner. (b) Copies of the last annual report not previously so submitted shall be available to the general assembly at the opening of each regular session. (c) The annual report of the commissioner may be published on the order of the governor, if the governor deems the report to be of sufficient importance to the public.

Legislative History

Acts 1969, ch. 36, § 1 (2.111); 1973, ch. 294, § 6; T.C.A., § 45-118; Acts 2003, ch. 253, § 1.