Ky. Rev. Stat. § 286.6-605
Current through 2024 Ky. Acts ch. 225
The regular reserve shall belong to the credit union and shall be used to meet losses resulting from loans and risk assets and to meet such other losses as are approved by the commissioner and shall not be distributed except on liquidation of the credit union, or in accordance with a plan approved by the commissioner.
KRS 286.6-605
Amended 2010, Ky. Acts ch. 24, sec. 739, effective7/15/2010. -- Created 1984 Ky. Acts ch. 408, sec. 61, effective 7/13/1984.