(a) (1) A trust company that is the victim of a robbery, has a shortage of corporate or fiduciary funds in excess of five thousand dollars ($5,000), or is the victim of an apparent or suspected misapplication of its corporate or fiduciary funds or property in any amount by a director, officer, or employee shall report the robbery, shortages, or apparent or suspected misapplication to the Bank Commissioner within forty-eight (48) hours after the time it is discovered.(2) The initial report required under subdivision (a)(1) of this section may be oral if the report is promptly confirmed in writing.
(1) A trust company that is the victim of a robbery, has a shortage of corporate or fiduciary funds in excess of five thousand dollars ($5,000), or is the victim of an apparent or suspected misapplication of its corporate or fiduciary funds or property in any amount by a director, officer, or employee shall report the robbery, shortages, or apparent or suspected misapplication to the Bank Commissioner within forty-eight (48) hours after the time it is discovered.
(2) The initial report required under subdivision (a)(1) of this section may be oral if the report is promptly confirmed in writing.
(b) The trust company or a director, officer, employee, or agent is not subject to liability for defamation or another charge resulting from information supplied in a report under subdivision (a)(1) of this section.