32-2-818. Requirements of state mutual association.
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/mt/title-32/chapter-2/part-8/32-2-818·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-2-818 . Requirements of state mutual association. A mutual association must have its qualified thrift investments:
(1)equal or exceed 50% of its portfolio assets; and
(2)continue to equal or exceed 50% of its assets on a monthly average basis in 9 out of every 12 months.