The Administrator of Credit Unions shall cause every credit union formed under Article
14A of this Chapter to be examined once every 18 months or whenever the Administrator
deems it necessary. The examiners appointed by the Administrator shall be given free access to all books,
papers, securities, and other sources of information in respect to the credit union;
for the purpose of the examination, the Administrator may subpoena and examine personally,
or by one of the Administrator's deputies or examiners, witnesses on oath and documents,
whether the witnesses are members of the credit union or not, and whether the documents
are documents of the credit union or not. The Administrator may designate an independent auditing firm to do the work under
the Administrator's direction and supervision, with the cost to be paid by the credit
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.