GroundRules
N.C. Gen. Stat. § 54B-243: Reserve for losses.
Where this section sits in the code
- Chapter 54B. Savings and Loan Associations.
- Article 12. Mutual Deposit Guaranty Associations.
A mutual deposit guaranty association shall maintain at all times an amount of funds equal to no less than one percent (1%) of its insured liability to cover losses of its members. These funds may include cash, investments, and reinsurance. (1981, c. 282, s. 3.)
Collected 2026-08-27T18:05:42Z. Source file · JSON