TITLE 19
Financial institutions

CHAPTER 19-5
Credit Unions

SECTION 19-5-20


§ 19-5-20 Regular reserve.

Each credit union shall establish and maintain a regular reserve, as provided by the Federal Credit Union Act, 12 U.S.C. § 1751 et seq. The director or the director's designee shall approve or deny any charges to the reserve.

History of Section.
(P.L. 1995, ch. 82, § 43.)