§ 54-109.17.  Records.

(a) A credit union shall maintain all books, records, accounting systems and procedures in accordance with rules adopted by the Administrator. In adopting these 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 adopted by the Administrator.

(c) A credit union may cause any or all records kept by it to be recorded, copied, or reproduced by any photographic, reproduction, electronic, or digital process or method, or by any other records retention technology approved by rule or order of the Administrator, of a kind that is capable of accurately converting the records into tangible form within a reasonable time. Each converted tangible form of record also is deemed a record.  (1973, c. 98, s. 1; 1975, c. 538, s. 1; 2026-31, s. 11(b).)