SECTION 85:25-3-30. Semiannual report of condition

  On or before January 31, and July 31, of each year, each association shall complete and return to the Commissioner a full report of its financial condition. Such report must be submitted on forms supplied by the Commissioner; provided, however, that an insured association may at its option file with the Commissioner a completed, verified copy of its report made to the Federal Home Loan Bank Board, in lieu of the Oklahoma form. The failure of an association to file any report or statement required by the Code or the rules of the Board within the stated time shall be cause for the making of a special examination or special audit by an outside accounting firm approved by the Commissioner at the expense of the association.

[Source: Transferred from 625:10-3-11 (see Editor’s Note at beginning of this Chapter)]