Section 26-A2106. EXAMINATION OF SINKING FUNDS

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2106.1The Commissioner may examine all books, papers, property, and affairs concerning the sinking fund. Further, the Commissioner may examine under oath all persons deemed to have material information regarding the property or business of the fund.

2106.2The management of the sinking fund shall produce at its principal business office at a time designated by the Commissioner its books of original entry, and all records and papers relating to its or their business or affairs.

2106.3The management of a fund shall take whatever steps are necessary to facilitate the examination of the fund.

2106.4The Commissioner shall examine each sinking fund to determine whether the fund has the ability to pay judgments obtained against it and to meet the financial obligations imposed by this chapter.

source

Final Rulemaking published at 36 DCR 5113 (July 21, 1989).

                    
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