Section 6514 - Functions of Secretary of Banking(a) Requiring corporation to discharge its obligation.--In the event of the refusal of the corporation to commit its funds or otherwise to act for the protection of depositors of any member association of the corporation, the Secretary of Banking may apply to the Court for an order requiring the corporation to discharge its obligation under this act and for such other relief as the court may deem appropriate to carry out the purposes of this act.(b) Examinations and inspections; reports.--The Secretary of Banking may make such examinations and inspections of the corporation and require the corporation to furnish him with such reports and records or copies thereof as the Secretary of Banking may consider necessary or appropriate in the public interest or to effectuate the purposes of this act. As soon as practicable after the close of each fiscal year, the corporation shall submit to the Secretary of Banking a written report relative to the conduct of its business and the exercise of the other rights and powers granted by this act, during such fiscal year. Such report shall include financial statements setting forth the financial position of the corporation at the end of such fiscal year and the results of its operations, including the source and application of its funds, for such fiscal year. The financial statements so included shall be examined by an independent public accountant, or firm of independent public accountants, selected by the corporation and satisfactory to the Secretary of Banking, and shall be accompanied by the report thereon of such accountant or firm.1979, April 6, P.L. 17, No. 5, § 14, effective in 60 days. Affected 1980, Oct. 5, P.L. 693, No. 142, § 335, effective in 60 days.