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2009 Kentucky Revised Statutes
Subtitle 5. Savings and Loan Associations
286.5.281 Membership, withdrawal, fees -- Fines.

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286.5-281 Membership, withdrawal, fees -- Fines. The association may charge any membership, admission, withdrawal, or any other fee or <br>sum of money for the privilege of becoming, remaining, or ceasing to be a member of the <br>association. The association may charge a member any sum of money by the way of fine <br>or penalty against borrowers for defaults or in payment of loans. Effective: June 18, 1964 <br>History: Created 1964 Ky. Acts ch. 138, sec. 7, effective June 18, 1964. <br>Formerly codified as KRS 289.281. <br>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 <br>Kentucky Financial Services Code, KRS Chapter 286.

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