(a) A bank shall maintain a reserve fund sufficient to maintain liquidity and meet all reasonable demands of depositors, as provided in regulations adopted by the department.
(b) [Repealed, Sec. 102 ch 26 SLA 1993].
(c) [Repealed, Sec. 102 ch 26 SLA 1993].
(d) If the reserve fund of a bank falls below the amount required by the department to be maintained under this section, the department may prohibit the bank from making any new loans or other investments or paying any dividends until the bank's reserve fund has been restored to the amount required under this section.
Section: 06.05.200 06.05.205 06.05.206 06.05.207 06.05.208 06.05.209 06.05.210 06.05.211 06.05.212 06.05.215 06.05.220 06.05.225 06.05.230 06.05.231 06.05.232 NextLast modified: November 15, 2016