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2016 Statute



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17-5410.Bonus and other reserve accounts. With the approval of the commissioner, the board of directors may make additional transfers to other reserve accounts. If an association adopts a bonus plan or plans, it shall maintain a bonus reserve in such manner and in such amount as the commissioner shall require.

History: L. 1943, ch. 133, § 68; July 1.



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2017. Powered by KLISS. Rendered: 2017-10-08T18:11:20. Head Rev No: 272629