N.Y. Banking Law § 458-A Maintenance of Reserves
| Library | New York Statutes |
| Edition | 2023 |
| Currency | Current through 2023 NY Law Chapter 777 |
| Year | 2023 |
| Citation | N.Y. Banking Law § 458-A |
A credit union shall contribute to and maintain such net worth reserve categories as the superintendent shall, by regulation, prescribe. Such regulations shall provide for a system of maintaining net worth reserves that is comparable to that of Title 12 U.S.C. section 1790(d) and any regulations promulgated by the National Credit Union Administration thereund...
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