Arizona Statutes

§ 6-582 — Use of regular reserve

Arizona·Title 6 Arizona Revised Statutes·Ch. 4 CREDIT UNIONS·Art. 10 Reserves
Losses on risk assets, but not operating losses, shall be promptly charged against the regular reserve when those losses occur. The credit union shall not distribute the regular reserve except on liquidation of the credit union or in accordance with a plan approved by the deputy director.

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