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This entry was published on 2014-09-22
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Reports required by superintendent; penalty for failure to make
§ 176. Reports required by superintendent; penalty for failure to
make. Within fifteen days after service upon any private banker of the
notice provided for by section thirty-seven of this chapter, he shall
make a written report to the superintendent of the financial condition
of his business as a private banker, which report shall be in such form
and shall contain such information as the superintendent of financial
services may prescribe. Such report shall be published by such private
banker in such manner as the superintendent of financial services may
prescribe in a newspaper published in the place where the office of such
private banker is located or if no newspaper is published there, in a
newspaper of general circulation in such place.

Every private banker shall also make such other special reports to the
superintendent as he may from time to time require in such form and on
such dates as may be prescribed by the superintendent, which reports
shall if required by the superintendent be verified in such form as he
may prescribe.

If any private banker shall fail to make any report required by this
section on or before the date designated for the making thereof or shall
fail to include therein any prescribed matter, such private banker shall
forfeit to the people of the state an amount as determined pursuant to
section forty-four-a of this chapter for every day that such report
shall be delayed or withheld and for every day that he or she shall fail
to report any such omitted matter, unless the time therefor shall have
been extended by the superintendent, as provided in article two of this