Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6456. Department functions

(a) In the event of the refusal of PDIC to commit its funds or otherwise to act for the protection of depositors of any member of PDIC, the department may apply to the Court for an order requiring PDIC to discharge its obligation under this act and for such other relief as the court may deem appropriate to carry out the purposes of this act.

(b) The department may make such examinations and inspections of PDIC and require PDIC to furnish it with such reports and records of copies thereof as the department may consider necessary or appropriate in the public interest or to effectuate the purposes of this act. As soon as practicable after the close of each fiscal year, PDIC shall submit to the department a written report relative to the conduct of its business, and the exercise of the other rights and powers granted by this act, during such fiscal year. Such report shall include financial statements setting forth the financial position of PDIC at the end of such fiscal year and the results of its operations, including the source and application of its funds, for such fiscal year. The financial statements so included shall be examined by an independent public accountant or firm of independent public accountants, selected by PDIC and satisfactory to the department, and shall be accompanied by the report thereon of such accountant or firm.