KRS 286.6-375: Joint accounts.

(1) A member may designate any person or persons to own shares, share certificates,

deposits and deposit certificates with him in joint tenancy with the right of

survivorship, as a tenant in common or under any other form of joint ownership

permitted by law; b ut no co -owner, unless a member in his own right, shall be

permitted to vote, obtain loans, or hold office or be required to pay an entrance or

membership fee.

(2) Payment of part or all of such accounts to any of the co -owners shall, to the extent

of such payment, discharge the liability to all unless the account agreement contains

a different provision.