Annual and Other Reports

Each association shall make a full report in writing to the Commissioner annually, within thirty

(30)days after the close of its fiscal year, which report shall be verified by its president or vicepresident and secretary or treasurer, showing accurately the financial condition of such association at the end of such preceding fiscal year and the income and expenses of such association during such preceding fiscal year, together with such statistical and other information as the Commissioner may require, all in such form and detail as the Commissioner may prescribe. Each association shall also make any further reports which the Commissioner may require and in such form and as to such matters relating to the conduct of the business of such association as the Commissioner may designate. A copy of each annual report made to the Commissioner pursuant to this section shall be kept at the Office of the Commissioner, and shall be open to examination by any investor of the reporting association, subject to such reasonable regulations as the Commissioner may prescribe. If any association fails to make any report required from it pursuant to this section within thirty

(30)days after such report is due, the Commissioner shall immediately cause the books, papers and affairs of such association to be examined at the expense of such association.