§412:10-601  Special reserves.  The
board of directors may establish, or [the] commissioner may require any credit
union on an individual basis to establish, and transfer funds into one or more
special reserve accounts when in the board's or the commissioner's judgment
such action is necessary to protect the interests of the credit union's
members, including without limitation circumstances when a credit union
purchases accounts, or suffers an impairment or threat of impairment that
endangers the adequacy of its regular reserve account.  Special reserves may
include allowances for loan losses and investment losses. [L 1993, c 350, pt of
§1]