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2020 Kentucky Revised Statutes
Chapter 286 - Kentucky financial services code
Subtitle 286.6 - Credit Unions
286.6-990 Penalties.

Universal Citation: KY Rev Stat § 286.6-990 (2020)
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286.6-990 Penalties. (1) (2) Any credit union that fails to make the report required by KRS 286.6-090, when notified, shall pay to the department ten dollars ($10) for each day of such failure, unless excused. Any officer or any member of a committee who participates in the making of a loan to a nonmember shall be fined not less than ten dollars ($10) nor more than one hundred dollars ($100) or imprisoned for not less than thirty (30) days nor more than six (6) months, or both. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 746, effective July 15, 2010. -- Amended 1986 Ky. Acts ch. 193, sec. 3, effective July 15, 1986. -- Amended 1984 Ky. Acts ch. 408, sec. 67, effective July 13, 1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 883g-3, 883g-6, 883g-20. Formerly codified as KRS 290.990. 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, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
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