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Code · North Carolina · Chapter 54B — Savings and Loan Associations

§ 54B-243. Reserve for losses.

50 words·~1 min read·/nc/chapter-54b/54b-243

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§ 54B-243. Reserve for losses.
A mutual deposit guaranty association shall maintain at all times an amount of funds equal to no less than one percent (1%) of its insured liability to cover losses of its members. These funds may include cash, investments, and reinsurance. (1981, c. 282, s. 3.)
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