Section 176. Reports required by superintendent; penalty for failure to make  


Latest version.
  • Within fifteen days after service upon any private banker of  the  notice  provided  for  by section thirty-seven of this chapter, he shall
      make a written report to the superintendent of the  financial  condition
      of  his business as a private banker, which report shall be in such form
      and shall contain such information as the banking board  may  prescribe.
      Such  report shall be published by such private banker in such manner as
      the banking board may prescribe in a newspaper published  in  the  place
      where the office of such private banker is located or if no newspaper is
      published there, in a newspaper of general circulation in such place.
        Every private banker shall also make such other special reports to the
      superintendent  as  he may from time to time require in such form and on
      such dates as may be prescribed by  the  superintendent,  which  reports
      shall  if  required by the superintendent be verified in such form as he
      may prescribe.
        If any private banker shall fail to make any report required  by  this
      section on or before the date designated for the making thereof or shall
      fail to include therein any prescribed matter, such private banker shall
      forfeit  to  the people of the state an amount as determined pursuant to
      section forty-four-a of this chapter for  every  day  that  such  report
      shall be delayed or withheld and for every day that he or she shall fail
      to  report  any such omitted matter, unless the time therefor shall have
      been extended by the superintendent, as provided in article two of  this
      chapter.