There is a newer version of the North Carolina General Statutes
2009 North Carolina Code
Chapter 54B - Savings and Loan Associations.
§ 54B-243. Reserve for losses.
§ 54B‑243. Reserve for losses.
A mutual deposit guaranty association shall maintain at all times an amount of funds equal to no less than one percent (1%) of its insured liability to cover losses of its members. These funds may include cash, investments, and reinsurance. (1981, c. 282, s. 3.)
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