The operating expense of an association in any one year shall not exceed three percent of the association's average assets during that year without the written approval of the superintendent.
[S13, § 1902-a; C24, 27, 31, 35, 39, § 9348; C46, 50, 54, 58, § 534.47; C62, 66, 71, 73, 75, 77, 79, 81, § 534.44]
C85, § 534.107
87 Acts, ch 171, §30
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