North Carolina General Statutes § 54C-162 Liquidity

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

Sections:  Previous  54C-141  54C-142  54C-143  54C-144  54C-145  54C-146  54C-161  54C-162  54C-163  54C-164  54C-165  54C-166.1  54C-167  54C-168  54C-169  Next

Last modified: March 23, 2014