The department may make an examination into the affairs of the association and in undertaking the examination may hold a public hearing. The expense of the examination must be borne and paid by the association.

HISTORY: Former 1976 Code SECTION 38-39-140 [1962 Code SECTION 37-784; 1971 (57) 744] recodified as SECTION 38-75-440 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 793; 2007 Act No. 78, SECTION 10, eff June 11, 2007, applicable to taxable years beginning after December 31, 2006.