Section 221-G. Superintendent authorized to examine; expenses  


Latest version.
  • For the
      purpose  of  discovering  violations  of  this   article   or   securing
      information  lawfully  required by him hereunder, the superintendent may
      at any time, and as often as may be determined, either personally or  by
      a   person  duly  designated  by  him,  investigate  the  activities  of
      representatives of licensees and examine the books,  accounts,  records,
      and  files  used  in relation to those activities.  For that purpose the
      superintendent and a duly designated representative (i) shall have  free
      access  to  the  offices, books, accounts, papers, records, files, safes
      and vaults of licensees and their representatives, and (ii)  shall  have
      authority  to  require  the  attendance of and to examine under oath all
      persons whose testimony may be required relative to the activities of  a
      representative. The expenses incurred in making any examination pursuant
      to  this  section  shall be assessed against and paid by the licensee so
      examined, except that traveling and  subsistence  expenses  so  incurred
      shall  be  charged  against and paid by licensees in such proportions as
      the  superintendent  shall  deem   just   and   reasonable,   and   such
      proportionate  charges  shall  be  added  to the assessment of the other
      expenses incurred upon each examination.  Upon  written  notice  by  the
      superintendent  of  the  total  amount  of such assessment, the licensee
      shall  become  liable  for  and  shall  pay  such  assessment   to   the
      superintendent.