Every credit union shall create and maintain a regular reserve as specified by the commissioner.
Cal. Fin. Code § 14700
Reserves
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Amended by Stats. 1998, Ch. 539, Sec. 27
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.