Special reserves
Known as the Montana Credit Union Act
The act spans §§ 32–32 (102 sections).
En. 14-663 by Sec. 63, Ch. 38, L. 1975; R.C.M. 1947, 14-663; amd
In addition to the regular reserve account, special reserves to protect the interest of members must be established:
(1) when required by regulation; or
(2) when found by the board of directors of the credit union or by the department of administration to be necessary.
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.