§ 54B-210. Components of liquidity fund. - North Carolina Statutes

Article 9.

Liquidity Fund.

§ 54B‑210.  Componentsof liquidity fund.

(a)        Every Stateassociation shall establish and maintain a regulatory capital account in anamount and in such funds and investments that comply with the requirements ofthe appropriate federal regulatory authorities.

(b)        The failure of aState association to maintain the required level and type of regulatory capitalmay be grounds for supervisory action by the Commissioner of Banks.

(c)        The Commissioner ofBanks may adopt rules to implement this section. (1981, c. 282, s. 3; 1981(Reg. Sess., 1982), c. 1238, s. 21; 1983, c. 144, s. 22; 1989, c. 76, s. 10;1989 (Reg. Sess., 1990), c. 806, s. 13; 2001‑193, s. 16.)