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This entry was published on 2014-09-22
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Reports to superintendent; penalty for failure to make
§ 255. Reports to superintendent; penalty for failure to make. 1. On
or before the first day of February in each year every savings bank
shall make a written report to the superintendent, which shall contain a
statement of its conditions as of the morning of the first day of
January of such year. Such report shall contain such information and be
in such form as the superintendent may prescribe and shall be subscribed
by the president or a vice-president and another principal officer and
affirmed by such officers as true under the penalties of perjury.

2. Every savings bank shall also make such other special reports to
the superintendent as he may from time to time require, in such form and
at such date as may be prescribed by him and such reports shall, if
required by him, be subscribed and affirmed as true under the penalties
of perjury.

3. If a savings bank shall fail to make any report required by or
pursuant to this section, on or before the day designated for the making
thereof, or shall fail to include therein any information required by
the superintendent to be included, such savings bank 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 it shall fail to report any
such omitted information, unless the time therefor shall have been
extended by the superintendent as provided in this chapter.

4. No savings bank shall be required to make any annual or other
report or be subject to any inspection or supervision, except as
provided in this chapter.