32-3-705. Special reserves. In addition to the regular reserve account, special reserves to protect the interest of members must be established:
(1) when required by regulation; or
(2) when found by the board of directors of the credit union or by the department of administration to be necessary.
History: En. 14-663 by Sec. 63, Ch. 38, L. 1975; R.C.M. 1947, 14-663; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 97, Ch. 483, L. 2001; amd. Sec. 39, Ch. 237, L. 2003.
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