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Subtitle

Subtitle 3. Banks and Trust Companies

  • KRS 286.3-010— Definitions for subtitle
  • KRS 286.3-020— Approval of application for charter -- Prerequisites to financial institution doing business under its charter -- Waiver in cases of merger or consolidation
  • KRS 286.3-025— Prohibitions against transacting banking or trust business in this state
  • KRS 286.3-027— Prohibition against use of certain banking-related words and characters or financial institution trademarks by unauthorized person -- Exceptions -- Enforcement and penalties
  • KRS 286.3-030— Repealed, 2024
  • KRS 286.3-040— Who may organize -- Number of directors required
  • KRS 286.3-050— Organization to be approved by commissioner
  • KRS 286.3-060— Oath required of each director before transacting business and upon any election or reelection -- Oath to be filed with commissioner and subject to review -- Duty of officer or director
  • KRS 286.3-065— Repealed, 2024
  • KRS 286.3-070— Minimum capital stock required -- Reduction in capital stock -- Preferred capital stock
  • KRS 286.3-080— Repealed, 2024
  • KRS 286.3-090— Repealed, 2024
  • KRS 286.3-095— Change in control or certain loans to be reported to commissioner -- Contents of report
  • KRS 286.3-100— Investment of bank funds -- Property that may be held -- Accounting standards
  • KRS 286.3-101— Authorization to engage in any banking activity allowed for national banks -- Administrative regulation or order
  • KRS 286.3-102— Activities permitted to state bank receiving CAMELS rating of 1 or 2 -- Section not applicable to deferred deposit transactions or title pledge lending
  • KRS 286.3-103— Investment in property
  • KRS 286.3-105— Bank may acquire and hold personal property at request of customer -- Property deemed collateral
  • KRS 286.3-110— Investment of funds held in fiduciary capacity -- Capital stock liable for fiduciary obligations
  • KRS 286.3-115— Capital notes and debentures may be issued -- Conditions
  • KRS 286.3-135— Banker's bank authorized -- Limitations on holdings -- Issuance of charter
  • KRS 286.3-140— Amendment of articles and reorganization to engage in a trust business -- Consolidation -- Transfer of fiduciary account to affiliate
  • KRS 286.3-145— Trust company -- Scope of activities -- Acquisition of office within or outside of this state by trust company -- Rights, privileges, obligations, and liabilities of selling trust company
  • KRS 286.3-146— Out-of-state trust company doing business in Kentucky -- Scope of activities -- Fiduciary-related activities limited by reciprocity -- Evidence and notice to be provided to commissioner
  • KRS 286.3-150— Repealed, 2024
  • KRS 286.3-160— Repealed, 2024
  • KRS 286.3-170— Repealed, 2024
  • KRS 286.3-172— Conditions of and procedure for conversion of national banking association to state bank or merger or consolidation with state bank
  • KRS 286.3-173— Conversion of state bank to or merger with national banking association
  • KRS 286.3-174— Repealed, 2024
  • KRS 286.3-180— Banking business, where done -- Branch banks -- Application for change in principal office or branch location
  • KRS 286.3-183— Repealed, 2024
  • KRS 286.3-185— Repealed, 2024
  • KRS 286.3-187— Bank acting as agent of another financial institution -- Filing -- Commissioner's approval -- Scope of activities
  • KRS 286.3-190— Powers of banks
  • KRS 286.3-193— Hours and days of bank operation
  • KRS 286.3-199— Closing of banks -- Emergency
  • KRS 286.3-200— Repealed, 2024
  • KRS 286.3-210— Powers of banks or trust companies
  • KRS 286.3-212— Deposit of securities with district federal reserve bank by bank acting as fiduciary or custodian for fiduciary -- Accounting and crediting of deposits
  • KRS 286.3-214— Rate of interest allowed on loans of $15,000 or less -- Trust company not to extend credit -- Exception
  • KRS 286.3-215— Repealed, 2024
  • KRS 286.3-218— Definitions for KRS 286.3-219 and 286.3-220
  • KRS 286.3-219— Continuation of trust by corporate trustee -- Limitations -- Application
  • KRS 286.3-220— Corporate fiduciaries subject to laws governing individuals -- Security on bonds -- Ability to serve as trustee of multiple trusts with common or nonidentical beneficiaries
  • KRS 286.3-225— Appointment of a nominee by banking institutions acting in a fiduciary capacity
  • KRS 286.3-230— Common trust funds -- Consent of cofiduciary
  • KRS 286.3-235— Common trust fund not separate entity for tax purposes -- Circumstances when no gain or loss to be recognized
  • KRS 286.3-240— Real estate mortgage investment fund -- Participation certificates
  • KRS 286.3-250— Operation of real estate mortgage investment fund
  • KRS 286.3-260— Liquidation of investment fund
  • KRS 286.3-270— Fiduciary may act in own name -- Records -- Investments not subject to debts of fiduciary
  • KRS 286.3-272— Investment of fiduciary assets in company or trust associated with investing institution -- Fee
  • KRS 286.3-275— Limits on liability of bank or trust company acting as fiduciary
  • KRS 286.3-277— Standards for bank or trust company acting as fiduciary
  • KRS 286.3-280— Maximum debt of persons to bank or trust company
  • KRS 286.3-290— Exceptions to maximum debt to banks
  • KRS 286.3-300— Required reserves
  • KRS 286.3-310— Bank may own stock in federal reserve bank or Federal Deposit Insurance Corporation
  • KRS 286.3-320— Federal Deposit Insurance Corporation to be subrogated to rights against closed banks
  • KRS 286.3-330— Assets may be pledged or surety bonds provided as collateral security -- Security not required if deposit insured
  • KRS 286.3-340— Repealed, 2024
  • KRS 286.3-350— When dividends may be declared
  • KRS 286.3-375— Preservation of bank records
  • KRS 286.3-380— Deposits by minors
  • KRS 286.3-385— Repealed, 2024
  • KRS 286.3-420— Repealed, 2010
  • KRS 286.3-450— Examination -- Procedure -- Agreement to examine and supervise branches -- Joint examination and enforcement actions
  • KRS 286.3-455— Commonwealth or its employees not liable for failure to disclose financial condition of bank or trust company
  • KRS 286.3-460— Duties of examiners
  • KRS 286.3-470— Information obtained by examination to be confidential -- Exceptions -- Reports as evidence
  • KRS 286.3-480— Fees to be paid commissioner for services
  • KRS 286.3-490— Reports to be made to commissioner -- Contents -- Information from officer, director, or board to commissioner
  • KRS 286.3-530— Examination of institutions in hands of receiver -- Reports of receivers
  • KRS 286.3-630— Transfer of assets to another bank -- Procedure -- Publication of notice
  • KRS 286.3-640— Relief to aggrieved shareholders
  • KRS 286.3-660— Annual report of commissioner
  • KRS 286.3-690— Cease and desist orders -- Orders of suspension or removal from office -- Appeal -- Enforcement of orders
  • KRS 286.3-695— Approval of state-chartered bank officers or directors required in certain instances
  • KRS 286.3-710— Repealed, 2024
  • KRS 286.3-720— Repealed, 2024
  • KRS 286.3-730— Repealed, 2024
  • KRS 286.3-740— Repealed, 2024
  • KRS 286.3-750— Repealed, 2024
  • KRS 286.3-760— Repealed, 2024
  • KRS 286.3-765— Repealed, 2024
  • KRS 286.3-770— Repealed, 2024
  • KRS 286.3-800— Recognition of adverse claim to a deposit
  • KRS 286.3-820— Operation of loan production office by bank
  • KRS 286.3-850— Definitions for KRS 286.3-852 to 286.3-884
  • KRS 286.3-852— Applicability of KRS 286.3-850 to 286.3-884
  • KRS 286.3-854— Closing of bank by commissioner -- Written statement of grounds -- Appointment of receiver
  • KRS 286.3-856— Tender of appointment as receiver to FDIC
  • KRS 286.3-858— Vesting of assets in receiver
  • KRS 286.3-860— Notice of closing to be posted -- Effect
  • KRS 286.3-862— Powers and duties of receiver
  • KRS 286.3-864— "Preference" defined
  • KRS 286.3-866— Sale of assets by receiver -- Borrowing from FDIC by receiver
  • KRS 286.3-868— Claims procedure -- Publication -- Rejection of claim -- Petition to receivership court
  • KRS 286.3-870— Late claim's share in undistributed assets
  • KRS 286.3-872— Order of payment of claims
  • KRS 286.3-874— Rights of receiver under participation agreements
  • KRS 286.3-876— Receiver's election to reject a lease -- Effect
  • KRS 286.3-878— FDIC subrogated to rights of depositors
  • KRS 286.3-880— Receiver to appoint successor to bank's rights, assets, obligations
  • KRS 286.3-882— KRS 286.3-850 to 286.3-884 is exclusive procedure for appointment of receiver or liquidating agent
  • KRS 286.3-884— Destruction of closed bank's records
  • KRS 286.3-900— Definitions of terms used in this section and KRS 286.3-905 -- Acquisition of in-state banks -- Limitations -- In-county merger or consolidation
  • KRS 286.3-905— Filing of application to acquire bank with commissioner -- Examination of applicant -- Cooperative agreements by commissioner to examine out-of-state bank or exchange confidential information
  • KRS 286.3-910— Illegal acquisitions
  • KRS 286.3-915— Bank combinations -- Operation of a combined bank as a branch of the surviving bank -- Transfer of combined bank's main office and branches -- Definitions
  • KRS 286.3-920— Definitions for section -- Interstate merger transactions -- Restrictions -- Combinations of commonly controlled banks -- Scope of activities of branch outside home state
  • KRS 286.3-990— Penalties