There is a newer version of the Kentucky Revised Statutes
2011 Kentucky Revised Statutes
Subtitle 5. Savings and Loan Associations
- 286.5.005 Title of law.
- 286.5.011 Definitions.
- 286.5.021 Who may incorporate -- Procedure.
- 286.5.022 Former corporations deemed incorporated under this law -- Effect on rights -- Severability.
- 286.5.024 Proof by existing association of federal insurance or private insurance meeting minimum standard -- Effect of noncompliance.
- 286.5.025 Insurance requirement for certificate of incorporation.
- 286.5.031 Commissioner to investigate -- Objections -- Approval -- Certificate issued -- Filing.
- 286.5.041 Name of association -- Use of terms in name prohibited -- Injunction.
- 286.5.051 Office -- Located where -- Change of name or location.
- 286.5.061 Branch offices -- Limits on establishment.
- 286.5.071 Corporate existence begins -- When.
- 286.5.081 General powers of association.
- 286.5.091 Books and records of association -- Reproductions.
- 286.5.101 Right to manage property to avoid loss.
- 286.5.111 Associations exempt from security sale regulations.
- 286.5.121 Publication of financial statement.
- 286.5.131 Annual report of association.
- 286.5.141 Bond of incorporators -- Conditions.
- 286.5.151 Minimum number of shares of capital stock -- Issuance.
- 286.5.161 Expense fund created -- Amount -- Repayment.
- 286.5.171 Reserve fund -- Creation -- Charges -- Credits.
- 286.5.181 Organization meeting held when.
- 286.5.191 Forfeiture of charter on failure to commence business.
- 286.5.201 Annual meetings -- Who may vote -- Quorum.
- 286.5.211 Board of directors -- Qualifications -- Election -- Vacancies, filled, how.
- 286.5.221 Bond of officers or employees handling money.
- 286.5.225 Loan to director, officer, employee, or attorney prohibited -- Exceptions.
- 286.5.231 Liability of officer or agent for fraud or neglect.
- 286.5.241 Association interest does not disqualify officer taking acknowledgment.
- 286.5.251 Acceptance of gratuity for action, a misdemeanor.
- 286.5.261 Liability of association to members -- Members not liable for losses.
- 286.5.271 Inspection of books -- Records confidential -- Exception.
- 286.5.281 Membership, withdrawal, fees -- Fines.
- 286.5.291 Savings accounts, how held -- Transfers.
- 286.5.301 Issue of stock on installment basis -- Issuance for loan purposes -- Maximum holding.
- 286.5.311 Lost or destroyed books, duplicates.
- 286.5.321 Redemption of savings accounts -- Limitation on claims.
- 286.5.331 Withdrawal of shares -- Payment for, when made -- Withdrawals by borrowing members.
- 286.5.341 Enforced withdrawal.
- 286.5.351 Matured shares.
- 286.5.361 Payment of withdrawals and accounts.
- 286.5.371 Dividends paid, when.
- 286.5.381 Savings accounts of minors.
- 286.5.391 Joint savings accounts.
- 286.5.401 Accounts of fiduciaries -- Voting powers -- Payments to beneficiaries.
- 286.5.411 Payments of account, foreign fiduciary.
- 286.5.421 Recognition of attorney-in-fact.
- 286.5.431 Investments by fiduciaries, charitable and financial institutions authorized.
- 286.5.435 Association as trustee -- Compensation -- Records.
- 286.5.441 Real estate loans, requirements -- Purposes for which made -- Additional payments.
- 286.5.451 Loans on direct reduction plan -- Pledge of stock on loan -- Interest rate -- Property improvement loans -- Participation with other lenders -- Condition for making uninsured loans.
- 286.5.461 Compliance with federal law or regulations required for property improvement loans or mobile home loans.
- 286.5.471 Loans under Servicemen's Readjustment Act.
- 286.5.481 Repayment of loans -- Credit value of borrower's shares -- Retention of shares.
- 286.5.491 Default in payment of dues -- Fine -- Forfeiture of shares -- Payments in advance.
- 286.5.501 Payment of expenses of loan -- Payments in lieu.
- 286.5.511 Priority of members for loans -- Investments -- Compensation for loans prohibited -- Loan statement.
- 286.5.521 Limits on power to borrow money.
- 286.5.531 Acquisition and ownership of real estate.
- 286.5.541 Acting as fiscal agent of U. S.
- 286.5.551 Consolidation of associations.
- 286.5.561 Federal savings and loan association, consolidation with or conversion into.
- 286.5.571 Resolution of consolidation or conversion to be filed with commissioner.
- 286.5.581 Consolidation or merger with federal association procedure -- Continuation with state association.
- 286.5.591 Transfer of property to federal association -- Rights of creditors.
- 286.5.601 Federal charter to be recorded -- Evidence.
- 286.5.611 Conversion of federal association to state association -- Procedure.
- 286.5.621 Reorganization or voluntary liquidation.
- 286.5.631 Meeting of members -- How called -- Notice.
- 286.5.641 Exhibit of affairs to be printed and filed.
- 286.5.651 Voting -- Adoption of resolution to reorganize or liquidate.
- 286.5.661 Foreign associations prohibited -- Exceptions.
- 286.5.680 Status of federal savings and loan associations -- Powers.
- 286.5.690 Commissioner and examiners to have no interest in association.
- 286.5.700 Powers of commissioner -- Form of orders.
- 286.5.702 Commissioner's power to make administrative regulations and orders.
- 286.5.705 Commissioner may authorize state associations to be competitive with federal associations.
- 286.5.710 Examination of associations -- Report -- Information confidential.
- 286.5.720 Federal examinations may be accepted -- Extra examination -- Powers of examiners.
- 286.5.730 Filing fee for reports -- Examination fees.
- 286.5.740 Violations of law or regulation -- Ordered discontinued -- Enforcement.
- 286.5.750 Conservator appointed -- When -- Procedure.
- 286.5.760 Receiver appointed when -- Federal agency as receiver -- Procedure.
- 286.5.770 No receiver or conservator for solvent association.
- 286.5.780 Declaratory judgment action as to rights.
- 286.5.790 Annual report of commissioner.
- 286.5.800 Advertising as insured institution restricted -- Penalty -- Injunction.
- 286.5.805 Passbook notice required of federally uninsured association.
- 286.5.810 Injurious statements about associations -- Penalty.
- 286.5.850 "Credit card guaranty" defined -- Requirement to insure validity. Acquisition of Savings and Loan Associations
- 286.5.900 Definitions.
- 286.5.905 Acquisition of one or more associations wherever located -- Limitations -- Acquisition by out-of-state associations -- Merger or consolidation.
- 286.5.910 Filing of application to acquire association or holding company -- Examination of applicant -- Cooperative agreements for examination of out-of-state associations or exchange of confidential information. Penalties
- 286.5.991 Penalties.
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