Requirements of state mutual association

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32-2-818. Requirements of state mutual association. A mutual association must have its qualified thrift investments:

(1) equal or exceed 50% of its portfolio assets; and

(2) continue to equal or exceed 50% of its assets on a monthly average basis in 9 out of every 12 months.

History: En. Sec. 29, Ch. 431, L. 2021.


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