Rhode Island Statutes
§ 19-5-26 — § 19-5-26. Liquidity reserves.
§ 19-5-26. Liquidity reserves.
Every credit union shall maintain liquidity reserves equal to an amount as determined in the credit union's liquidity and funds management policy as established and adopted by the board of directors of the credit union. Failure to adopt an adequate funds management policy shall be considered an unsafe and unsound practice.
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Rhode Island § 19-5-26 (§ 19-5-26. Liquidity reserves.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P.L. 1995, ch. 82, § 43.
Nearby Sections
15
§ 19-1-1
§ 19-1-1. Definitions.§ 19-1-2
§ 19-1-2. Repealed.§ 19-1-4
§ 19-1-4. Severability.§ 19-10-2
§ 19-10-2. Notice of liquidation.§ 19-10-6
§ 19-10-6. Severability.§ 19-10.1-2
§ 19-10.1-2. Notice of conversion.