2006 Kentucky Revised Statutes - .990   Penalties.

286.6-990 Penalties. (1) Any credit union that fails to make the report required by KRS 286.6-090, when notified, shall pay to the office ten dollars ($10) for each day of such failure, unless excused. (2) Any officer or any member of a committee who participates in the making of a loan to a nonmember shall be fined not less than ten dollars ($10) nor more than one hundred dollars ($100) or imprisoned for not less than thirty (30) days nor more than six (6) months, or both. Effective: July 15, 1986 History: Amended 1986 Ky. Acts ch. 193, sec. 3, effective July 15, 1986. -- Amended 1984 Ky. Acts ch. 408, sec. 67, effective July 13, 1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 883g-3, 883g-6, 883g- 20. Formerly codified as KRS 290.990. 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, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code. 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.