2006 Kentucky Revised Statutes - .625   Special reserves.

286.6-625 Special reserves. In addition to such regular reserve, special reserves to protect the interest of members shall be established when required by regulation, or when found by the board of directors of the credit union or by the executive director, in any special case, to be necessary for that purpose. Effective: July 13, 1984 History:Created 1984 Ky. Acts ch. 408, sec. 63, effective July 13, 1984. Formerly codified as KRS 290.625. Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.