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Form a Business

Line of credit

KRS 286.6-495
in effect
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286.6-495. Line of credit Upon written application by a member, the credit committee or credit manager may approve a self-replenishing line of credit, and loan advances may be granted to the member within the limit of such line of credit. Where a line of credit has been approved, no additional loan application is required as long as the aggregate indebtedness does not exceed the approved limit. Effective: July 13, 1984 History: Created 1984 Ky. Acts ch. 408, sec. 50, effective July 13, 1984. Formerly codified as KRS 290.495. 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=14809Fetched: 10/20/2026

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