There Is a Newer Version of the North Carolina General Statutes
  1. 2025 N.C. Gen. Stat.
  2. 2024 N.C. Gen. Stat.
  3. 2023 N.C. Gen. Stat.
  4. 2005 N.C. Gen. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2005 North Carolina Code - General Statutes Article 10 - General Reserve.

Article 10.

General Reserve.

§ 54B‑216.� General reserve.

(a)������ Every State association shall establish and maintain general valuation allowances and specific loss reserves in compliance with the requirements of the appropriate federal regulatory authorities.

(b)������ The failure of a State association to maintain the required level of general valuation allowances or specific loss reserves may be grounds for supervisory action by the Commissioner of Banks.

(c)������ The Commissioner of Banks may adopt rules to implement this section.

(d)������ to (f) Repealed by Session Laws 1989, c. 76, s. 11. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 2; 1989, c. 76, s. 11; 1989 (Reg. Sess., 1990), c. 806, s. 14; 2001‑193, s. 16.)

 

§§ 54B‑217 through 54B‑220.� Reserved for future codification purposes.

Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.