There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 5. Savings and Loan Associations
286.5.621 Reorganization or voluntary liquidation.
Download pdfis taken. (2) Whenever the members desire to reorganize or go into voluntary liquidation, the board of directors or the committee of members appointed for that purpose shall
submit the question of reorganization or voluntary liquidation to a vote of the
members at a special meeting of members, but no association shall reorganize or go
into voluntary liquidation without the approval of the commissioner. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 696, effective July 15, 2010. -- Created 1964 Ky. Acts ch. 138, sec. 44, effective June 18, 1964. Formerly codified as KRS 289.621.
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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