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.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54 - Cooperative Organizations
Article 15A - Corporate Credit Union.
§ 54-110.1 - Definition and purposes.
§ 54-110.3 - Charter and name exclusive.
§ 54-110.5 - Powers and privileges.
§ 54-110.6 - Participation in central system.