§ 13-5-521 — Inspection of public trust company; confidentiality

(a) Every public trust company is subject to inspection by
the commissioner. The commissioner or a duly appointed examiner
shall visit and examine each public trust company as often as
the commissioner deems necessary and at least once every two (2)
years, with or without previous notice to the officers or
managers of or anyone interested in the public trust company.
The commissioner or a duly appointed examiner shall make a
complete and careful examination of the condition and resources
of the public trust company, the mode of managing the company's
affairs and conducting its business, all records, transactions
and other data or documents pertaining to the actions of the
public trust company, the action of its officers and directors
or managers in the investment and disposition of trust funds,
the safety and prudence of the company's management, the
security afforded to those by whom trust company engagements are
held, whether the requirements of this chapter are being
complied with and such other matters as the commissioner may
prescribe.
(b) All information, reports or applications obtained by
the commissioner from an applicant or public trust company are
confidential.