Ky. Rev. Stat. § 286.6-005

Current through 2024 Ky. Acts ch. 225

Section 286.6-005 - Definitions

As used in this subtitle, unless the context otherwise requires:

(1) "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.

(2) "Commissioner" means the commissioner of financial institutions.

KRS 286.6-005

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 714, effective7/15/2010. -- Created 1984 Ky. Acts ch. 408, sec. 1, effective 7/13/1984.