§ 54C-162. Liquidity. - North Carolina Statutes

§ 54C‑162.  Liquidity.

A savings bank shall maintaincash and readily marketable investments in an amount that may be established inthe rules of the Commissioner of Banks, but the requirement shall not be lessthan ten percent (10%) of the assets of the savings bank. Upon receipt of aduly certified copy of the resolution by the board of directors of any savingsbank requesting a temporary suspension, the Commissioner of Banks may suspendthe liquidity requirement for a period not longer than six months. (1991, c. 680, s. 1; 2001‑193,s. 16.)