Statement of financial condition of depository or surety

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When the Commissioner of Finance deems necessary, he may require any depository of governmental funds or any surety on a depository bond to furnish a sworn statement of the financial condition of the depository or surety. Failure to render a statement within a reasonable time is sufficient grounds for revocation of a designation. Any person who makes a false statement to the Commissioner of Finance with regard to the financial condition of a depository or a surety on a depository bond shall be fined not more than $200 or imprisoned not more than 1 year, or both.


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