§ 19-5-26 - Liquidity reserves. - Rhode Island Statutes

SECTION 19-5-26

   § 19-5-26  Liquidity reserves. – Every credit union shall maintain liquidity reserves equal to an amount asdetermined in the credit union's liquidity and funds management policy asestablished and adopted by the board of directors of the credit union. Failureto adopt an adequate funds management policy shall be considered an unsafe andunsound practice.