{"data":{"id":"us-nc/n.c.-gen.-stat.-54b-60","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54B-60","heading":"Commissioner of Banks to have right of access to books and records of association; right to issue subpoenas, administer oaths, examine witnesses.","body":"(a)\tThe Commissioner of Banks and his agents:\n(1)\tShall have free access to all books and records of an association, or a service corporation thereof, that relate to its business, and the books and records kept by an officer, agent or employee relating to or upon which any record is kept;\n(2)\tMay subpoena witnesses and administer oaths or affirmations in the examination of any director, officer, agent, or employee of an association, or a service corporation thereof or of any other person in relation to its affairs, transactions and conditions;\n(3)\tMay require the production of records, books, papers, contracts and other documents; and\n(4)\tMay order that improper entries be corrected on the books and records of an association.\n(b)\tThe Commissioner of Banks may issue subpoenas duces tecum.\n(c)\tIf a person fails to comply with a subpoena so issued or a party or witness refuses to testify on any matters, a court of competent jurisdiction, on the application of the Commissioner of Banks, shall compel compliance by proceedings for contempt as in the case of disobedience of the requirements of a subpoena issued from such court or a refusal to testify in such court. (1981, c. 282, s. 3; 2001-193, s. 16.)","path":["Chapter 54B. Savings and Loan Associations.","Article 4. Supervision and Regulation."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54B/GS_54B-60.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:42Z","sha256":"4d5958b272d43dfe06854701c7403450962178176ee3fba99c5505c5c329bf38","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54b-59","next":"us-nc/n.c.-gen.-stat.-54b-61"},"notice":"GroundRules: Original legal text. Not legal advice."}