TITLE 19
Financial institutions

CHAPTER 19-5
Credit Unions

SECTION 19-5-26


§ 19-5-26 Liquidity reserves.

Every credit union shall maintain liquidity reserves equal to an amount as determined in the credit union's liquidity and funds management policy as established and adopted by the board of directors of the credit union. Failure to adopt an adequate funds management policy shall be considered an unsafe and unsound practice.

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