The State Board of Financial Institutions shall fix the examination fees of banks and savings and loan associations on a scale which will yield sufficient revenue to defray the entire expense of examinations for each bank and savings and loan association. Provided, that the board shall make at least one examination every twenty-four months of all banks and savings and loan associations.
HISTORY: 1962 Code Section 8-252; 1952 Code Section 8-252; 1942 Code Section 7829-5; 1936 (39) 1484, 1713; 1964 (53) 2069; 1980 Act No. 457; 1996 Act No. 329, Section 2, eff upon approval (became law without the Governor's signature on May 21, 1996).
Effect of Amendment
The 1996 amendment, in the last sentence, replaced "eighteen" with "twenty-four" preceding "months".
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