286.6-055 Office facilities.
(1) A credit union may change its principal place of business within this state upon
written authorization by the commissioner. If the commissioner has not notified a <br>credit union of his or her action on an application to change the place of business <br>within fifteen (15) calendar days of the date the application was received by the <br>commissioner, the credit union may proceed with the change in its place of <br>business.
(2) A credit union may maintain service facilities, including automated teller machines,
at locations other than its principal office upon written authorization by the <br>commissioner or as permitted by administrative regulation. The maintenance of <br>these facilities must be reasonably necessary to furnish service to its members.
(3) A credit union may join with one (1) or more credit unions in the operation of a
service facility to meet member needs, including an automated teller machine, upon <br>written authorization by the commissioner or as permitted by administrative <br>regulation.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 719, effective July 15, 2010. -- Amended
2000 Ky. Acts ch. 157, sec. 7, effective July 14, 2000. -- Created 1984 Ky. Acts <br>ch. 408, sec. 6, effective July 13, 1984.
Formerly codified as KRS 290.055. <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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