Kentucky Statutes 286.6-345 – Special purpose accounts
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Christmas clubs and vacation clubs may be operated under conditions established by the board of directors, and other special purpose share and deposit accounts may be operated with authorization from the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 734, effective July 15, 2010. — Created
1984 Ky. Acts ch. 408, sec. 35, effective July 13, 1984.
Formerly codified as KRS § 290.345.
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.
Effective: July 15, 2010
Terms Used In Kentucky Statutes 286.6-345
- Commissioner: means the commissioner of financial institutions. See Kentucky Statutes 286.6-005
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
History: Amended 2010 Ky. Acts ch. 24, sec. 734, effective July 15, 2010. — Created
1984 Ky. Acts ch. 408, sec. 35, effective July 13, 1984.
Formerly codified as KRS § 290.345.
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.