Every association shall prepare and publish annually in a newspaper of general circulation in the county in which the home office of such association is located, and shall deliver to each member upon application therefor, a statement of its financial condition in the form prescribed or approved by the commissioner.
Effective: July 15, 2010
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Terms Used In Kentucky Statutes 286.5-121

  • 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
  • Member: means a person holding a savings account or a savings certificate of an
    association, or a person borrowing from or assuming or obligated upon a loan or interest therein held by an association, or purchasing property securing a loan or interest therein held by an association. See Kentucky Statutes 286.5-011
  • Statute: A law passed by a legislature.

History: Amended 2010 Ky. Acts ch. 24, sec. 684, effective July 15, 2010. — Created
1964 Ky. Acts ch. 138, sec. 9, effective June 18, 1964.
Formerly codified as KRS § 289.121.
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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