Current through the 2023 Regular Session
Section 32-2-818 - Requirements of state mutual associationA mutual association must have its qualified thrift investments:
(1) equal or exceed 50% of its portfolio assets; and(2) continue to equal or exceed 50% of its assets on a monthly average basis in 9 out of every 12 months.Added by Laws 2021, Ch. 431,Sec. 29, eff. 10/1/2021.