§ 702.209. Reserves.
48 words·~1 min read·
/us/cfr/t12/s§ 702.209·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each new credit union shall establish and maintain such reserves as may be required by the FCUA, by state law, by regulation, or in special cases by the NCUA Board or appropriate state official. [80 FR 66706, Oct. 29, 2015. Redesignated at 86 FR 11073, Feb. 23, 2021]