Evidential Value of Results of Examinations

Act 111 of 1933, § 10, under "DEPARTMENT OF BANKING AND SECURITIES CODE".

Act 111 of 1933, § 10

Section 10. Evidential Value of Results of Examinations.--The record of any examination or investigation of an institution by the department, or the report by the examiner or employe of the department who conducted such examination or investigation, or a copy of either, when duly certified by the department, shall be prima facie evidence of the facts therein stated in any action, at law or in equity, in which one of the parties is the department, or any officer or employe thereof, either in his official capacity or otherwise, where the basis of the action is an act performed by him in the name of the department.