Ky. Rev. Stat. § 286.5-591

Current through Acts Received April 24, 2024
Section 286.5-591 - Transfer of property to federal association - Rights of creditors

When a state association has been converted, merged, or consolidated into a federal association, all of its property and interest in property shall immediately by operation of law and without any act or deed of conveyance or transfer, become vested in the successor federal association. No creditor of the state association shall by reason of such conversion, merger or consolidation alone be deprived of or prejudiced with respect to any claim against the state association.

KRS 286.5-591

Effective:6/18/1964
Created 1964 Ky. Acts ch. 138, sec. 38, effective6/18/1964.