State Codes and Statutes
Statutes > Montana > 32 > 32_3 > 32_3_7 > 32-3-705
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.
