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2024 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-582 - Use of regular reserve

Universal Citation:
AZ Rev Stat § 6-582 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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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 deputy director.

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