Capitalization and reserves.

  1. Law
  2. New Mexico Statutes
  3. Financial Institutions and Regulations
  4. Credit Unions
  5. Capitalization and reserves.

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A. A credit union shall maintain a well-capitalized status as determined by the director.

B. A credit union shall set aside and maintain such reserves as may be required by the insurer of its share accounts and deposit accounts.

History: Laws 2003, ch. 28, § 14.

ANNOTATIONS

Effective dates. — Laws 2003, ch. 28, contains no effective date provision, but, pursuant to N.M. Const., art IV, § 23, is effective on June 20, 2003, 90 days after adjournment of the legislature.


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