Kentucky Statutes 286.5-805 – Passbook notice required of federally uninsured association
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Any savings and loan association that is not fully insured by the Federal Savings and Loan Insurance Corporation shall, in any advertisement, on all passbooks and all other printed forms of communication carry the following statement: “This association is not federally insured.”
History: Created 1972 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 5(1).
Formerly codified as KRS § 289.805.
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.
History: Created 1972 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 5(1).
Terms Used In Kentucky Statutes 286.5-805
- 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
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
Formerly codified as KRS § 289.805.
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.