A. A credit union shall maintain a well-capitalized status as determined by the director.
B. A credit union shall set aside and maintain such reserves as may be required by the insurer of its share accounts and deposit accounts.
§ 58-11-57.1 NMSA 1978
Capitalization and reserves
Known as the Credit Union Act
The act spans §§ 58–58 (67 sections).
Laws 2003, ch. 28, § 14.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.