Trustee or custodian
KRS 286.6-575
in effect286.6-575. Trustee or custodian
(1) A credit union may act as trustee or custodian of:
(a) Individual retirement accounts authorized by federal or state law;
(b) Pension funds of self-employed individuals or of a company or organization sponsoring the credit union; or
(c) Other similar retirement or pension plans, with authorization from the commissioner.
(2) A credit union may act as trustee under pension and profit-sharing plans with authorization from the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 737, effective July 15, 2010. -- Created 1984 Ky. Acts ch. 408, sec. 58, effective July 13, 1984. Formerly codified as KRS 290.575.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14817Fetched: 10/20/2026