Kentucky Statutes 286.5-021 – Who may incorporate — Procedure
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Any five (5) or more residents of this state (hereinafter referred to as the “incorporators”) may form an association to promote thrift and home financing, subject to approval as provided in this subtitle, by signing and acknowledging, before an officer competent to take acknowledgments of deeds, two (2) copies of a petition for a certificate of incorporation in the form prescribed by the commissioner, and of the bylaws in a form approved by the commissioner, which shall be filed with the commissioner, accompanied by the incorporation fee.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 674, effective July 15, 2010. — Amended
1968 Ky. Acts ch. 152, sec. 139. — Created 1964 Ky. Acts ch. 138, sec. 3 (1), effective June 18, 1964.
Formerly codified as KRS § 289.021.
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.
Effective: July 15, 2010
Terms Used In Kentucky Statutes 286.5-021
- Association: means a savings and loan association subject to the provisions of this subtitle and as used in KRS §. See Kentucky Statutes 286.5-011
- Commissioner: means the commissioner of financial institutions. See Kentucky Statutes 286.5-011
- Home: means a dwelling or dwellings for not more than four (4) families, the principal use of which is for residential purposes. See Kentucky Statutes 286.5-011
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
History: Amended 2010 Ky. Acts ch. 24, sec. 674, effective July 15, 2010. — Amended
1968 Ky. Acts ch. 152, sec. 139. — Created 1964 Ky. Acts ch. 138, sec. 3 (1), effective June 18, 1964.
Formerly codified as KRS § 289.021.
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.