J. MILLARD TAWES, GOVERNOR 25

of an amount to be established by the Director by appropriate regula-
tion. The Director shall have full power and authority from time to
time to change this amount. The monetary value of any give-away
so given shall be the cost thereof to the association and the associa-
tion shall keep in its records for a period of at least six (6) years
suitable evidence of such cost. If the give-away is purchased or ob-
tained by the association together with, in connection with, or at
the same time as another item or other items from the same supplier,
not identical therewith, such value shall be deemed to be the then
current regular selling price or charge of the supplier on separate
sales or disposition thereof in the quantity included, and the associa-
tion shall in such case obtain, and keep in its records for a period
of at least six (6) years, a signed statement by such supplier of such
regular selling price or charge. As used in the foregoing provisions
of this Section, the term "give" means to give, to sell or dispose of
for less than full monetary value as hereinbefore defined, or with
any agreement or undertaking, contingent or otherwise, for repur-
chase or redemption, whether total or partial, or to offer, promise,
or agree to do any of the foregoing. The term "give-away" means
any money, property, service, or other thing of value, whether
tangible or intangible. The term "account" means^ free share account
of an association of whatsoever class or designation, accounts, share
account, investment certificate, share subscription, and credit to
the account of the maker thereof other than credit on account of a
loan by the association.

160BB. REVIVAL OF CHARTER.

The charter of any association heretofore or hereafter forfeited for
non-payment of taxes, or failure to file an annual report with the
Department, may, at any time, be revived as set forth in Section 85
of this Article, provided that the articles of revival shall first be
approved by the Director under such terms and conditions as may
be prescribed by regulations of the Director. Any association ag-
grieved by the action of the Director in declining to approve such
articles or in conditioning his approval thereof may appeal from such
action in accordance with the appeal provisions of Section 16OH re-
lating to orders.

160CC. EXAMINATIONS.

(a) Right to make. The Director shall examine, or cause an
examination to be made into, the affairs of every association subject
to the provisions of this sub-title at least once every three (3) years,
and at such other times as the Director may deem necessary. If
an association is not audited at least once every three (S) years in
a manner satisfactory to the Director, the examination of such asso-
ciation may include an audit. If any such audit is made, it shall be
performed by one or more certified public accountants. The Director
or his examiner shall have free access to all books and papers of
an association which relate to its business, and books and papers
kept by any officer, agent, or employee, relating to or upon which
any record of its business is kept.

(b) Federal examinations. The Director in lieu of such examina-
tion and audit may accept an examination and audit made or ac-
cepted by a federal home loan bank, the Federal Home Loan Bank
Board, or by the Federal Savings and Loan Insurance Corporation.