There is a newer version of the Arizona Revised Statutes
2016 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-582 Use of regular reserve
AZ Rev Stat § 6-582 (2016) What's This?
6-582. Use of regular reserve
Losses on risk assets, but not operating losses, shall be promptly charged against the regular reserve when those losses occur. The credit union shall not distribute the regular reserve except on liquidation of the credit union or in accordance with a plan approved by the superintendent.
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