In addition to the regular reserve account, a special reserve account to protect the interest of the members shall be established when required by rule or regulation or when found by the board of directors of the credit union or by the director, in any special case, to be necessary for that purpose.
Neb. Rev. Stat. § 21-17,106
Special reserve account
Laws 1996, LB 948, § 106; Laws 1997, LB 137, § 16.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.