§ 6-404. Reports to Commissioner

   (a) Annual report. -- On or before March 31 of each year, each credit union shall report to the Commissioner on the business of the credit union during the preceding calendar year.

(b) Additional reports. -- The Commissioner may require any other reports from a credit union that the Commissioner considers necessary.

(c) Form of report. -- Each report made under this section shall be:

   (1) On the form that the Commissioner provides; and

   (2) Signed and acknowledged by:

      (i) A majority of the members of the supervisory committee; and

      (ii) The president, vice-president, secretary, or treasurer of the credit union.

(d) Fine for failure to report. -- If a credit union fails to make any report as required by this title, the credit union shall pay to the Commissioner $ 50 for each day that the report is overdue.

HISTORY: An. Code 1957, art. 11, § 141; 1980, ch. 33, § 2; 1996, ch. 326, § 2; 2001, ch. 147, § 1; ch. 148, § 1.