32-3-702. Maintenance of regular reserve account.
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/mt/title-32/chapter-3/part-7/32-3-702·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-3-702 . Maintenance of regular reserve account. The department of administration may require a credit union to establish and maintain, at a certain level, a regular reserve account as a contingency to address potential losses. The department may rely on standards adopted by the national credit union administration
(NCUA)in making any determination to require a credit union to establish a regular reserve account.