{"data":{"id":"us-sc/s.c.-code-ann.-34-26-1120","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-26-1120","heading":"Special reserves.","body":"In addition to the regular reserve, special reserves to protect the interest of members shall be established when required by regulation or when found by the board of directors of the credit union or by the commissioner, in any special case, to be necessary for that purpose. These may include allowances for loan losses, investment losses, or any other reserves the board of directors may establish.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 26 South Carolina Credit Union Act","ARTICLE 11 Reserve Allocations"],"source_url":"https://www.scstatehouse.gov/code/t34c026.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:06:24Z","sha256":"8adf4069d1e528b8020b179a4495817b59ef5102be0012accd914d3f7e8518b8","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-26-1110","next":"us-sc/s.c.-code-ann.-34-26-1200"},"notice":"GroundRules: Original legal text. Not legal advice."}