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KRS 286.6-315

Capital of credit union

Effective: July 13, 1984 History: Created 1984 Ky

(1) The capital of a credit union consists of the aggregate amount of the share and deposit accounts of its members plus all reserves and undivided earnings.

(2) Shares may be subscribed to, paid for and transferred in such manner as the bylaws prescribe.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.