Electronic preservation Sample Clauses

Electronic preservation. Records and other documents referred to in this section may be preserved electroni- cally if the original is available for re- trieval within 15 working days. [73 FR 75512, Dec. 11, 2008] (a) Capital adequacy. The board of di- rectors (or management, if the SBA Supervised Lender is a division of an- other company and does not have its own board of directors) of each SBA Supervised Lender must determine capital adequacy goals; that is, the total amount of capital needed to as- sure the SBA Supervised Lender’s con- tinued financial viability and provide for any necessary growth. The min- imum standards set in § 120.471 for SBLCs and those established by state regulators for NFRLs are not to be adopted as the ideal capital level for a given SBA Supervised Lender. Rather, the minimum standards are to serve as minimum levels of capital that each SBA Supervised Lender must maintain to protect against the credit risk and other general risks inherent in its op- eration.