KRS 286.6-715: Conversion of credit union.

(1) A credit union incorporated under the laws of this state may be converted to a credit

union organized under the laws of any other state or under the laws of the United

States, subject to regulations issued by the commissioner.

(2) A credit union organized under the laws of the United States or of any other state

may convert to a credit union incorporated under the laws of this state. To effect

such a conversion, a credit union must comply with all the requirements of the

jurisdiction under which it was orig inally organized and the requirements of the

commissioner and file proof of such compliance with said commissioner.