There is a newer version of this Section
2022
2021 (you are here)
2020
2019
2018
Other previous versions
View our newest version here

2021 Kentucky Revised Statutes
Chapter 286 - Kentucky financial services code
Subtitle 286.5 - Savings and Loan Associations
286.5-341 Enforced withdrawal.

Universal Citation: KY Rev Stat § 286.5-341 (2021)
Previous Next

Download as PDF
286.5-341 Enforced withdrawal. The directors may under the rules made by them in conformity with bylaws, retire the unpledged shares, in the order of their issuance, by enforcing their withdrawal, and the owners shall be paid the full value of their shares together with current dividends thereon from date of the last preceding distribution of income, less any unpaid fines, but all fully paid, prepaid or matured shares that may be outstanding shall first be retired. Effective: June 18, 1964 History: Created 1964 Ky. Acts ch. 138, sec. 22, effective June 18, 1964. Formerly codified as KRS 289.341. 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.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.