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Visitorial

    0.01 sec.
Vis`it`o´ri`al
a.1.Same as Visitatorial.


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36) And, in its recent decision in Watters, the Supreme Court endorsed the OCC's extension of it visitorial powers to operating subdivisions of national banks.
154) Moreover, to the extent that enforcement of some parts of the ordinance entailed giving the city access to the records of national banks and allowing it to regulate activities permitted by federal law, those parts purported to confer on the city impermissible visitorial power over such banks without proper authorization.
The OCC also adopted a second rule that staked out its position on so-called visitorial powers, which is the authority of a regulator to inspect, examine or supervise the affairs of a legal entity.
 
 
 
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