Maintenance of regular reserve account
The department of administration may require a credit union to establish and maintain, at a certain level, a regular reserve account as a contingency to address potential losses. The department may rely on standards adopted by the national credit union administration (NCUA) in making any determination to require a credit union to establish a regular reserve account.
| EnactedEn. 14-660 by SectionSec. 60, ChapterCh. 38, Laws ofL. 1975 |
| Revised Codes of MontanaR.C.M. 1947, 14-660 |
| AmendedAmd. SectionSec. 2, ChapterCh. 64, Laws ofL. 2003 (HB 36 - Lawson, Bob (R) HD 80) |
| AmendedAmd. SectionSec. 37, ChapterCh. 237, Laws ofL. 2003 (HB 319 - Lawson, Bob (R) HD 80) |