Kentucky Statutes 286.6-565 – Money transfers for convenience of members
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A credit union may collect, receive and disburse moneys in connection with the providing of negotiable checks, money orders, travelers’ checks, and other money-type instruments, and for such other purposes as may provide benefit or convenience to its members, and charge a reasonable fee for such services.
Effective: July 13, 1984
History: Created 1984 Ky. Acts ch. 408, sec. 57, effective July 13, 1984.
Formerly codified as KRS § 290.565.
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 13, 1984
Terms Used In Kentucky Statutes 286.6-565
- 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
- Statute: A law passed by a legislature.
History: Created 1984 Ky. Acts ch. 408, sec. 57, effective July 13, 1984.
Formerly codified as KRS § 290.565.
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.