Section 128. Preservation of books and records  


Latest version.
  • Every bank and every trust
      company shall preserve all its records of final entry,  including  cards
      used under the card system and deposit tickets, for a period of at least
      six  years from the date of making the same or from the date of the last
      entry thereon; provided,  however,  that  preservation  of  photographic
      reproductions  thereof  or records in photographic form shall constitute
      compliance with the requirements of this  section.  Notwithstanding  the
      foregoing,  the banking board may prescribe by regulation such period of
      time longer or shorter than six years during which all records  kept  by
      banks  and  trust  companies as fiduciary shall be preserved in original
      form.