Books of Account, and Record of Appraisals

Each association shall keep its books in such form as to show accurately in detail its assets and liabilities and its receipts and expenditures and shall keep records written in ink or typewriting showing the appraised values of the real estate security held in connection with each loan and signed in each case by the appraiser, officer or committee charged with making such estimated valuations. Every association shall file in writing with the commissioner the names of the appraisers, officers and members of any committee charged with making such estimated valuations for it. A director, officer, agent or employee of any association shall be COL120106 11 GCAFINANCE & TAXATION CH. 133 ACCOUNTS, REPORTS, AUDITS AND STATEMENTS guilty of a felony who: First: Knowingly receives or possesses himself of any of its property otherwise than in payment for a just demand, and with intent to defraud, omits to make or to cause or direct to be made a full and true entry thereof in its books and accounts; or Second: Knowingly concurs in omitting to make any material entry thereof; or Third: Knowingly concurs in making or publishing any written report, exhibit or statement of its affairs or pecuniary condition containing any material statement which he knows to be false; or Fourth: Having the custody or control of its books, willfully refuses or neglects to make any proper entry in the books of such association as required by law, or to exhibit or allow the same to be inspected and extracts to be taken therefrom by the commissioner, or any of his deputies or examiners.