There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 5. Savings and Loan Associations
286.5.221 Bond of officers or employees handling money.
Download pdfdays after his appointment or election become bonded in some responsible fidelity
insurance company in such amounts as the directors require. The bond must be
approved by a majority of the directors before such person may enter upon the
discharge of his duties. (2) The premium upon all such bonds shall be paid by the association, and the bonds shall be in the custody of the officer provided for in the bylaws. Effective: June 18, 1964
History: Created 1964 Ky. Acts ch. 138, sec. 11, effective June 18, 1964.
Formerly codified as KRS 289.221.
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.
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