KRS 286.6-355: Withdrawal of assets by member.
Where this section sits in the code
(1) Shares, share certificates, deposits, and deposit certificates may be withdrawn for
payment to the account holder or to third parties, in such manner and in accordance
with such procedures as may be established by the board of directors, subject to
approval by the commissioner. The board may restrict one (1) class of share so it
may not be redeemed, withdrawn, or transferred except upon termination of
membership in the credit union.
(2) Shares, share certificates, deposits, and deposit certificates shall be subject to any
withdrawal notice requirement which may be imposed pursuant to the bylaws.
Collected 2026-09-05T20:57:13Z. Source file · JSON