Sec. 122.104. NET WORTH RESERVE ALLOCATIONS. (a) The commission by rule shall require a credit union to contribute to and maintain net worth reserves necessary to protect the interests of its members. The rule may: (1) prescribe the purposes for which the net worth reserves may be used; and (2) authorize the commissioner to approve other uses. (b) The credit union's board may establish reserves in addition to the required net worth reserves.
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