(a) Minimum net worth requirements for credit unions; and
(b) Actions a credit union must take when the net worth of the credit union falls below the applicable minimum net worth requirement.
(2) In addition to the regular reserve required in subsection (1) of this section, a credit union shall establish a reserve for loan losses in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board or a successor organization. [1981 c.192 §38 (enacted in lieu of 723.632); 1995 c.319 §3; 2005 c.95 §10; 2009 c.234 §9]