SECTION 330:15-9-3. Special reserves

Latest version.

Provision for special reserves for protection of bondholders in each Program shall be set as the Trustees may determine to be necessary under the market conditions prevalent at the time the Program is being developed and as may be determined by the Trustees at the discretion of the Trustees at the time of finalization of each Program in question.

[Source: Amended at 37 Ok Reg 1709, eff 1-1-21]

                    
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