N.Y. Banking Law § 221-g: Superintendent authorized to examine; expenses

§ 221-g. Superintendent authorized to examine; expenses. 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.