Reserve fund required

§ 370.320 RSMo — under Credit Unions.

§ 370.320 RSMo

370.320. Reserve fund required. — All credit unions shall establish and maintain reserves sufficient to qualify for and maintain federal share insurance and meet any requirements concerning minimum reserves established by the director of the credit unions by regulation.

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(RSMo 1939 § 5537, A.L. 1945 p. 689, A.L. 1967 p. 509, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962, A.L. 2011 S.B. 306)

Prior revision: 1929 § 5095