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2013 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-17,105 - Use of regular reserve account.


NE Code § 21-17,105 (2013) What's This?

21-17,105. Use of regular reserve account.

The regular reserve account shall belong to the credit union and shall be used to meet losses on risk assets and to meet such other classes of losses as are approved by the director. The regular reserve account shall not be distributed except on liquidation of the credit union or in accordance with a plan approved by the director.

Source

    Laws 1996, LB 948, ยง 105.


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