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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.5-025.Insurance requirement for certificate of incorporation

Current as of January 01, 2021 | Updated by FindLaw Staff

No certificate of incorporation as provided for under this subtitle shall be granted or approved by the commissioner after June 16, 1972, unless the applicant for such certificate:

(1) Submits sufficient evidence of being fully insured by the Federal Savings and Loan Insurance Corporation or other federal agency; or

(2) Submits sufficient evidence of commitment by the Federal Savings and Loan Insurance Corporation or other federal agency that the applicant will be issued federal insurance immediately subsequent to the execution of the certificate of incorporation by the commissioner.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.5-025.Insurance requirement for certificate of incorporation - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-286-5-025/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.5-025.Insurance requirement for certificate of incorporation on Westlaw

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