{"data":{"id":"us-ma/mass.-gen.-laws-ch.-171-70","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 171, § 70","heading":"Reserve for losses on investments","body":"Section 70. A credit union shall maintain a reserve for loses on investments equal to five percent of the difference between the book value and the market value of all investments mentioned in section sixty-seven excluding those investments which are included in the liquidity reserve; provided, however, that a credit union shall maintain a reserve for the stock investments authorized by paragraph (o) and the investment funds authorized by paragraph (p) of section sixty-seven.\nShould the reserves maintained in this section and section sixty-nine exceed the amount necessary to be kept or maintained in those accounts, the credit union may transfer such excess into an undivided earnings account.","path":["Part I","Title XXII","Chapter 171"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter171/Section70","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:02Z","sha256":"8e39375b876c307cdc95445f2bf1078a2ac75cc065bcd72f327d4d42c191c75e","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-171-69","next":"us-ma/mass.-gen.-laws-ch.-171-71"},"notice":"GroundRules: Original legal text. Not legal advice."}