Bill Status of HB4589 100th General Assembly
Short Description: SAVINGS BANK-EXAMINATION
Rep. Tony McCombie
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Savings Bank Act. Provides that a savings bank shall have its books, records, and accounts examined at least once every 18 months (rather than at least once in each year) in the same manner as a State Bank (rather than be audited by an independent licensed public accountant not connected with the savings bank). Removes requirements concerning an annual audit. Effective immediately.