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Code · North Carolina · Chapter 54 — Cooperative Organizations

§ 54-110.9. Reserves.

46 words·~1 min read·/nc/chapter-54/54-110-9

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§ 54-110.9. Reserves.
A corporate credit union shall be exempt from the regular reserve requirements of Article 14J, but shall be required to establish and maintain an equity reserve to meet losses, in accordance with regulations prescribed by the Administrator of Credit Unions. (1983, c. 470.)
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