Arizona § 6-581 - Transfers to regular reserve
Full text of Arizona Arizona Revised Statutes § 6-581 — Transfers to regular reserve, with citation guidance and answers to common questions.
§ 6-581. Transfers to regular reserve
A. At the end of each accounting period, but not less frequently than quarterly, the credit union shall set aside, as a regular reserve against losses, amounts in accordance with the schedule set by the share insuring organization. The credit union shall set aside the amounts before the declaration or payment of any dividends.
B. The board of directors may increase, or if the reserve equals or exceeds the requirement prescribed in subsection A, decrease, the amount to be set aside.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-581
What does Arizona Revised Statutes § 6-581 cover?
Section 6-581 ("Transfers to regular reserve") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 6-581?
A common citation format is "Arizona Revised Statutes § 6-581" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 6-581 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.