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A public reference institution of the State of North Carolina's law

North Carolina Law

N.C.G.S. § 54-109.17 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

  1. Version 1 — 2026-08-08 to present

    Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

    (a) A credit union shall maintain all books, records, accounting systems and procedures in accordance with such rules as the Administrator from time to time prescribes. In prescribing such rules, the Administrator shall consider the relative size of a credit union and its reasonable capability of compliance. (b) A credit union is not liable for destroying records after the expiration of the record retention time prescribed by the Administrator. (c) A photostatic or photographic reproduction of any credit union  records shall be admissible as evidence of transactions with the credit union. (1973, c. 98, s. 1; 1975, c. 538, s. 1.)