1. (a) In this section, “examiner” means:

   1. (1) The Commissioner; and
   2. (2) An individual whom the Commissioner designates as examiner.

2. (b) An examiner shall visit each credit union and examine its business:

   1. (1) At least once during each calendar year, unless the Commissioner determines that, during a calendar year, an examination is unnecessary, in which event an examination shall occur no less frequently than once every 18 months;
   2. (2) When requested by the board or supervisory committee of the credit union; and
   3. (3) At any other time that the Commissioner considers necessary.

Added as Financial Institutions § 6-303 by Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1997, c. 585, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 6-403 and amended by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.

Formerly Art. 11, §§ 20, 141, 142.