Section 678.050 - Reserve for liquidity; demand deposits1. A credit union shall hold liquid assets in an amount equal to at least 5 percent of its members' accounts.2. The Commissioner may issue an order requiring a credit union to cease and desist from offering demand deposit accounts if it fails to maintain the reserve for liquidity as required by subsection 1.3. Every credit union which maintains a demand deposit program shall post a notice in the manner prescribed by subsection 1 of NRS 205.134 concerning issuance of a check or draft without funds or with intent to defraud.Nev. Admin. Code § 678.050
Comm'r of Credit Unions, § C, eff. 8-12-76; A and renumbered as § D, 12-14-78; A 2-6-81-NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm'r of Financial Institutions by R002-00, 3-13-2000