North Carolina Statutes
§ 54B-216 — General reserve
North Carolina § 54B-216
This text of North Carolina § 54B-216 (General reserve) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 54B-216 (2026).
Text
(a)Every State association shall establish and maintain general valuation allowances and specific loss reserves in compliance with the requirements of the appropriate federal regulatory authorities.
(b)The failure of a State association to maintain the required level of general valuation allowances or specific loss reserves may be grounds for supervisory action by the Commissioner of Banks.
(c)The Commissioner of Banks may adopt rules to implement this section.
(d)to (f) Repealed by Session Laws 1989, c. 76, s. 11. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 2; 1989, c. 76, s. 11; 1989 (Reg. Sess., 1990), c. 806, s. 14; 2001-193, s. 16.)
§§ 54B-217 through 54B-220. Reserved for future codification purposes.
§§ 54B-221 through 54B-235. Repealed by Session Laws 1983 (Regula
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Nearby Sections
15
§ 54B-1
Title§ 54B-10
Certificate of incorporation§ 54B-100
Membership of a mutual association§ 54B-101
Directors§ 54B-102
Employment policies§ 54B-104
Conflicts of interest§ 54B-105
Voting rights§ 54B-106
Annual meetings; notice required§ 54B-107
Special meetings; notice required§ 54B-108
Quorum§ 54B-109
Indemnification§ 54B-110
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Bluebook (online)
North Carolina § 54B-216, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/54B/54B-216.