Kentucky Statutes 286.5-631 – Meeting of members — How called — Notice
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(1) Whenever a meeting of the members is to be called as provided in KRS § 286.5-621, the board of directors or the committee shall convene a special meeting of the members at the principal office of the association at such time as the directors or committee determine.
(2) Notice of meeting shall be given to every member of the association by mailing at least ten (10) days before the time fixed for the meeting, a notice properly addressed to every member at his last recorded address. The directors or committee shall also cause a notice of the meeting to be certified to the commissioner at the time notice is given to the members.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 697, effective July 15, 2010. — Created
1964 Ky. Acts ch. 138, sec. 45, effective June 18, 1964.
Formerly codified as KRS § 289.631.
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.
(2) Notice of meeting shall be given to every member of the association by mailing at least ten (10) days before the time fixed for the meeting, a notice properly addressed to every member at his last recorded address. The directors or committee shall also cause a notice of the meeting to be certified to the commissioner at the time notice is given to the members.
Terms Used In Kentucky Statutes 286.5-631
- 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
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- 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.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 697, effective July 15, 2010. — Created
1964 Ky. Acts ch. 138, sec. 45, effective June 18, 1964.
Formerly codified as KRS § 289.631.
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.