Ky. Rev. Stat. § 286.6-575

Current through 2024 Ky. Acts ch. 225

Section 286.6-575 - Trustee or custodian

(1) A credit union may act as trustee or custodian of:

(a) Individual retirement accounts authorized by federal or state law;

(b) Pension funds of self-employed individuals or of a company or organization sponsoring the credit union; or

(c) Other similar retirement or pension plans, with authorization from the commissioner.

(2) A credit union may act as trustee under pension and profit-sharing plans with authorization from the commissioner.

KRS 286.6-575

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 737, effective7/15/2010. -- Created 1984 Ky. Acts ch. 408, sec. 58, effective 7/13/1984.