§ 123. Reports of directors' examinations. 1. A report in writing of
any examination made pursuant to the requirements of section one hundred
twenty-two of this article, shall be presented to the board of directors
of such bank or trust company at their next regular meeting after
completion of such examination, and placed on file in such bank or trust
company, and a duplicate thereof filed in the office of the
superintendent. Such report shall contain such information as the
superintendent shall require.

2. A report prepared pursuant to part three hundred sixty-three of the
rules and regulations of the Federal Deposit Insurance Corporation, as
the same may be amended from time to time, may, in the sole discretion
of the superintendent, satisfy the reporting requirements of this
section.

3. Any report filed in the office of the superintendent shall include
a certificate that such report was presented to the board of directors,
in the form prescribed by the superintendent.