(1) The Corporation shall have free access to all such records of an insured bank ¹[or a credit institution] perusal where of may appear to the Corporation to the necessary for the discharge of its functions under this Act.

(2) The Corporation may require any insured bank ¹[or credit institution] to furnish to it copies of any of the records referred to in sub-section (1) and the bank ¹[or the credit institution] shall be bound to comply with the requisition.

1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).