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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) The directors or committee shall prepare or have prepared a full exhibit of the affairs, property and condition of the association, including an itemized statement of its assets and liabilities, which exhibits shall be sworn to by a majority of the directors or of the committee before some officer authorized to take acknowledgments of deeds in this state. The report shall be printed and a copy thereof mailed along with the notice convening the special meeting.
(2) The original exhibit and the notice of meeting shall be filed with the commissioner at the time they are mailed to the members.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.5-641.Exhibit of affairs to be printed and filed - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-286-5-641/
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