Kentucky Statutes 286.6-005 – Definitions
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As used in this subtitle, unless the context otherwise requires:
(1) “Credit union” means a cooperative, nonprofit association, incorporated under this subtitle, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.
(2) “Commissioner” means the commissioner of financial institutions.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 714, effective July 15, 2010. — Created
1984 Ky. Acts ch. 408, sec. 1, effective July 13, 1984.
Formerly codified as KRS § 290.005
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.
(1) “Credit union” means a cooperative, nonprofit association, incorporated under this subtitle, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.
Terms Used In Kentucky Statutes 286.6-005
- Commissioner: means the commissioner of financial institutions. See Kentucky Statutes 286.6-005
- Statute: A law passed by a legislature.
(2) “Commissioner” means the commissioner of financial institutions.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 714, effective July 15, 2010. — Created
1984 Ky. Acts ch. 408, sec. 1, effective July 13, 1984.
Formerly codified as KRS § 290.005
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.