The director or his designee shall make an examination into the financial condition and affairs of the association at least annually and shall file a report thereon with the department, the Governor, and the General Assembly. The expenses of the examination must be paid by the association.
S.C. Code Ann. § 38-89-190
Examination of financial condition; annual report
1989 Act No. 189, Part II, SECTION 43 sub 33; 1993 Act No. 181, SECTION 845.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.