Taking control of the bank

(1) The Statutory Administrator shall, immediately upon his appointment, secure the properties, offices, assets, books and records of the licensee, and may take all necessary or appropriate steps aimed at such purpose, including without (a) changing the locks for external access to the licensee’s buildings and offices; (b) changing the passwords to the licensee’s computers and granting access only to a limited number of employees; (c) issuing to authorized employees new type of entrance passes to the licensee’s premises and controlling the access of other employees to such premises. 159 (2) In the course of the statutory administration, the statutory administrator shall have unrestricted access to, and control over, the properties, offices, assets and the books of account and other records of the licensee subject to statutory administration. (3) For the purposes of sub-section (2), the statutory administrator may direct any director, officer, employee or agent of the licensee to make available to the statutory administrator any records and information relating to the licensee that the statutory administrator shall require and any such director, officer, employee or agent of the licensee shall comply with such direction. (4) The statutory administrator may request the assistance of law enforcement officials, who shall, if necessary, use force to assist the statutory administrator to gain access to any premises of the licensee, to gain control over and to secure such properties, offices, assets, books and records of the licensee.