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2020 Kentucky Revised Statutes
Chapter 286 - Kentucky financial services code
Subtitle 286.6 - Credit Unions
286.6-375 Joint accounts.

Universal Citation: KY Rev Stat § 286.6-375 (2020)
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286.6-375 Joint accounts. (1) (2) A member may designate any person or persons to own shares, share certificates, deposits and deposit certificates with him in joint tenancy with the right of survivorship, as a tenant in common or under any other form of joint ownership permitted by law; but no co-owner, unless a member in his own right, shall be permitted to vote, obtain loans, or hold office or be required to pay an entrance or membership fee. Payment of part or all of such accounts to any of the co-owners shall, to the extent of such payment, discharge the liability to all unless the account agreement contains a different provision. Effective: July 13, 1984 History: Created 1984 Ky. Acts ch. 408, sec. 38, effective July 13, 1984. Formerly codified as KRS 290.375. 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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