Each credit union shall make a report of its condition to the commissioner, on blank forms to be supplied by the Department of Financial Institutions on the dates of the calls made to state banks. Notice of the calls shall be sent out by the commissioner. The reports shall be verified by the oath of a majority of the members of the supervisory committee, or by the oath of the president and treasurer or secretary, and further reports shall be made as the commissioner at any time demands.
Effective: July 15, 2010

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Terms Used In Kentucky Statutes 286.6-090

  • Commissioner: means the commissioner of financial institutions. See Kentucky Statutes 286.6-005
  • 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. See Kentucky Statutes 286.6-005
  • Department: means the Department of Financial Institutions. See Kentucky Statutes 286.1-010
  • Oath: A promise to tell the truth.
  • 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. 723, effective July 15, 2010. — Amended
1946 Ky. Acts ch. 191, sec. 13. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 883g-6.
Formerly codified as KRS § 290.090.
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.