Allocation of assets and liabilities.

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(1) The assets and liabilities of the association shall be divided equitably on an historical accumulative basis among the several trust funds specified in section 24-51-208 (1).

(2) Repealed.

Source: L. 87: R&RE, p. 1051, § 1. L. 93: Entire section amended, p. 479, § 11, effective March 1, 1994.

Editor's note: Subsection (2)(b) provided for the repeal of subsection (2), effective March 2, 1994. (See L. 93, p. 479.)


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