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Kentucky Revised Statutes (Last Updated: May 10, 2014) |
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TITLE XXV. BUSINESS AND FINANCIAL INSTITUTIONS |
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CHAPTER 286. KENTUCKY FINANCIAL SERVICES CODE |
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Subtitle 5. Savings and Loan Associations |
5-005. Title of law. |
5-011. Definitions. |
5-021. Who may incorporate -- Procedure. |
5-022. Former corporations deemed incorporated under this law -- Effect on rights -- Severability. |
5-024. Proof by existing association of federal insurance or private insurance meeting minimum standard -- Effect of noncompliance. |
5-025. Insurance requirement for certificate of incorporation. |
5-031. Commissioner to investigate -- Objections -- Approval -- Certificate issued -- Filing. |
5-041. Name of association -- Use of terms in name prohibited -- Injunction. |
5-051. Office -- Located where -- Change of name or location. |
5-061. Branch offices -- Limits on establishment. |
5-071. Corporate existence begins -- When. |
5-081. General powers of association. |
5-091. Books and records of association -- Reproductions. |
5-101. Right to manage property to avoid loss. |
5-111. Associations exempt from security sale regulations. |
5-121. Publication of financial statement. |
5-131. Annual report of association. |
5-141. Bond of incorporators -- Conditions. |
5-151. Minimum number of shares of capital stock -- Issuance. |
5-161. Expense fund created -- Amount -- Repayment. |
5-171. Reserve fund -- Creation -- Charges -- Credits. |
5-181. Organization meeting held when. |
5-191. Forfeiture of charter on failure to commence business. |
5-201. Annual meetings -- Who may vote -- Quorum. |
5-211. Board of directors -- Qualifications -- Election -- Vacancies, filled, how. |
5-221. Bond of officers or employees handling money. |
5-225. Loan to director, officer, employee, or attorney prohibited -- Exceptions. |
5-231. Liability of officer or agent for fraud or neglect. |
5-241. Association interest does not disqualify officer taking acknowledgment. |
5-251. Acceptance of gratuity for action, a misdemeanor. |
5-261. Liability of association to members -- Members not liable for losses. |
5-271. Inspection of books -- Records confidential -- Exception. |
5-281. Membership, withdrawal, fees -- Fines. |
5-291. Savings accounts, how held -- Transfers. |
5-301. Issue of stock on installment basis -- Issuance for loan purposes -- Maximum holding. |
5-311. Lost or destroyed books, duplicates. |
5-321. Redemption of savings accounts -- Limitation on claims. |
5-331. Withdrawal of shares -- Payment for, when made -- Withdrawals by borrowing members. |
5-341. Enforced withdrawal. |
5-351. Matured shares. |
5-361. Payment of withdrawals and accounts. |
5-371. Dividends paid, when. |
5-381. Savings accounts of minors. |
5-391. Joint savings accounts. |
5-401. Accounts of fiduciaries -- Voting powers -- Payments to beneficiaries. |
5-411. Payments of account, foreign fiduciary. |
5-421. Recognition of attorney-in-fact. |
5-431. Investments by fiduciaries, charitable and financial institutions authorized. |
5-435. Association as trustee -- Compensation -- Records. |
5-441. Real estate loans, requirements -- Purposes for which made -- Additional payments. |
5-451. Loans on direct reduction plan -- Pledge of stock on loan -- Interest rate -- Property improvement loans -- Participation with other lenders -- Condition for making uninsured loans. |
5-461. Compliance with federal law or regulations required for property improvement loans or mobile home loans. |
5-471. Loans under Servicemen's Readjustment Act. |
5-481. Repayment of loans -- Credit value of borrower's shares -- Retention of shares. |
5-491. Default in payment of dues -- Fine -- Forfeiture of shares -- Payments in advance. |
5-501. Payment of expenses of loan -- Payments in lieu. |
5-511. Priority of members for loans -- Investments -- Compensation for loans prohibited -- Loan statement. |
5-521. Limits on power to borrow money. |
5-531. Acquisition and ownership of real estate. |
5-541. Acting as fiscal agent of U. S. |
5-551. Consolidation of associations. |
5-561. Federal savings and loan association, consolidation with or conversion into. |
5-571. Resolution of consolidation or conversion to be filed with commissioner. |
5-581. Consolidation or merger with federal association procedure -- Continuation with state association. |
5-591. Transfer of property to federal association -- Rights of creditors. |
5-601. Federal charter to be recorded -- Evidence. |
5-611. Conversion of federal association to state association -- Procedure. |
5-621. Reorganization or voluntary liquidation. |
5-631. Meeting of members -- How called -- Notice. |
5-641. Exhibit of affairs to be printed and filed. |
5-651. Voting -- Adoption of resolution to reorganize or liquidate. |
5-661. Foreign associations prohibited -- Exceptions. |
5-680. Status of federal savings and loan associations -- Powers. |
5-690. Commissioner and examiners to have no interest in association. |
5-700. Powers of commissioner -- Form of orders. |
5-702. Commissioner's power to make administrative regulations and orders. |
5-705. Commissioner may authorize state associations to be competitive with federal associations. |
5-710. Examination of associations -- Report -- Information confidential. |
5-720. Federal examinations may be accepted -- Extra examination -- Powers of examiners. |
5-730. Filing fee for reports -- Examination fees. |
5-740. Violations of law or regulation -- Ordered discontinued -- Enforcement. |
5-750. Conservator appointed -- When -- Procedure. |
5-760. Receiver appointed when -- Federal agency as receiver -- Procedure. |
5-770. No receiver or conservator for solvent association. |
5-780. Declaratory judgment action as to rights. |
5-790. Annual report of commissioner. |
5-800. Advertising as insured institution restricted -- Penalty -- Injunction. |
5-805. Passbook notice required of federally uninsured association. |
5-810. Injurious statements about associations -- Penalty. |
5-850. "Credit card guaranty" defined -- Requirement to insure validity. |
Acquisition of Savings and Loan Associations |
5-900. Definitions. |
5-905. Acquisition of one or more associations wherever located -- Limitations -- Acquisition by out-of-state associations -- Merger or consolidation. |
Penalties |
5-991. Penalties. |