Kentucky Code — 38625
Browse 113 sections in division 38625 of the Kentucky code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 38625.3. 010 Definitions for subtitle.
- § 38625.3. 020 Approval of application for charter -- Prerequisites to financial institution doing business under its charter -- Waiver in cases of merger or consolidation.
- § 38625.3. 025 Prohibitions against transacting banking or trust business in this state.
- § 38625.3. 027 Prohibition against use of certain banking-related words and characters or financial institution trademarks by unauthorized person -- Exceptions -- Enforcement and penalties.
- § 38625.3. 030 Repealed, 2024.
- § 38625.3. 040 Who may organize -- Number of directors required.
- § 38625.3. 050 Organization to be approved by commissioner.
- § 38625.3. 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.
- § 38625.3. 065 Repealed, 2024.
- § 38625.3. 070 Minimum capital stock required -- Reduction in capital stock -- Preferred capital stock.
- § 38625.3. 080 Repealed, 2024.
- § 38625.3. 090 Repealed, 2024.
- § 38625.3. 095 Change in control or certain loans to be reported to commissioner -- Contents of report.
- § 38625.3. 100 Investment of bank funds -- Property that may be held -- Accounting standards.
- § 38625.3. 101 Authorization to engage in any banking activity allowed for national banks -- Administrative regulation or order.
- § 38625.3. 102 Activities permitted to state bank receiving CAMELS rating of 1 or 2 -- Section not applicable to deferred deposit transactions or title pledge lending.
- § 38625.3. 103 Investment in property.
- § 38625.3. 105 Bank may acquire and hold personal property at request of customer -- Property deemed collateral.
- § 38625.3. 110 Investment of funds held in fiduciary capacity -- Capital stock liable for fiduciary obligations.
- § 38625.3. 115 Capital notes and debentures may be issued -- Conditions.
- § 38625.3. 135 Banker's bank authorized -- Limitations on holdings -- Issuance of charter.
- § 38625.3. 140 Amendment of articles and reorganization to engage in a trust business -- Consolidation -- Transfer of fiduciary account to affiliate.
- § 38625.3. 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.
- § 38625.3. 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.
- § 38625.3. 150 Repealed, 2024.
- § 38625.3. 160 Repealed, 2024.
- § 38625.3. 170 Repealed, 2024.
- § 38625.3. 172 Conditions of and procedure for conversion of national banking association to state bank or merger or consolidation with state bank.
- § 38625.3. 173 Conversion of state bank to or merger with national banking association.
- § 38625.3. 174 Repealed, 2024.
- § 38625.3. 180 Banking business, where done -- Branch banks -- Application for change in principal office or branch location.
- § 38625.3. 183 Repealed, 2024.
- § 38625.3. 185 Repealed, 2024.
- § 38625.3. 187 Bank acting as agent of another financial institution -- Filing -- Commissioner's approval -- Scope of activities.
- § 38625.3. 190 Powers of banks.
- § 38625.3. 193 Hours and days of bank operation.
- § 38625.3. 199 Closing of banks -- Emergency.
- § 38625.3. 200 Repealed, 2024.
- § 38625.3. 210 Powers of banks or trust companies.
- § 38625.3. 212 Deposit of securities with district federal reserve bank by bank acting as fiduciary or custodian for fiduciary -- Accounting and crediting of deposits.
- § 38625.3. 214 Rate of interest allowed on loans of $15,000 or less -- Trust company not to extend credit -- Exception.
- § 38625.3. 215 Repealed, 2024.
- § 38625.3. 218 Definitions for KRS 286.3-219 and 286.3-220.
- § 38625.3. 219 Continuation of trust by corporate trustee -- Limitations -- Application.
- § 38625.3. 220 Corporate fiduciaries subject to laws governing individuals -- Security on bonds -- Ability to serve as trustee of multiple trusts with common or nonidentical beneficiaries.
- § 38625.3. 225 Appointment of a nominee by banking institutions acting in a fiduciary capacity.
- § 38625.3. 230 Common trust funds -- Consent of cofiduciary.
- § 38625.3. 235 Common trust fund not separate entity for tax purposes -- Circumstances when no gain or loss to be recognized.
- § 38625.3. 240 Real estate mortgage investment fund -- Participation certificates.
- § 38625.3. 250 Operation of real estate mortgage investment fund.
- § 38625.3. 260 Liquidation of investment fund.
- § 38625.3. 270 Fiduciary may act in own name -- Records -- Investments not subject to debts of fiduciary.
- § 38625.3. 272 Investment of fiduciary assets in company or trust associated with investing institution -- Fee.
- § 38625.3. 275 Limits on liability of bank or trust company acting as fiduciary.
- § 38625.3. 277 Standards for bank or trust company acting as fiduciary.
- § 38625.3. 280 Maximum debt of persons to bank or trust company.
- § 38625.3. 290 Exceptions to maximum debt to banks.
- § 38625.3. 300 Required reserves.
- § 38625.3. 310 Bank may own stock in federal reserve bank or Federal Deposit Insurance Corporation.
- § 38625.3. 320 Federal Deposit Insurance Corporation to be subrogated to rights against closed banks.
- § 38625.3. 330 Assets may be pledged or surety bonds provided as collateral security -- Security not required if deposit insured.
- § 38625.3. 340 Repealed, 2024.
- § 38625.3. 350 When dividends may be declared.
- § 38625.3. 375 Preservation of bank records.
- § 38625.3. 380 Deposits by minors.
- § 38625.3. 385 Repealed, 2024.
- § 38625.3. 420 Repealed, 2010.
- § 38625.3. 450 Examination -- Procedure -- Agreement to examine and supervise branches -- Joint examination and enforcement actions.
- § 38625.3. 455 Commonwealth or its employees not liable for failure to disclose financial condition of bank or trust company.
- § 38625.3. 460 Duties of examiners.
- § 38625.3. 470 Information obtained by examination to be confidential -- Exceptions -- Reports as evidence.
- § 38625.3. 480 Fees to be paid commissioner for services.
- § 38625.3. 490 Reports to be made to commissioner -- Contents -- Information from officer, director, or board to commissioner.
- § 38625.3. 530 Examination of institutions in hands of receiver -- Reports of receivers.
- § 38625.3. 630 Transfer of assets to another bank -- Procedure -- Publication of notice.
- § 38625.3. 640 Relief to aggrieved shareholders.
- § 38625.3. 660 Annual report of commissioner.
- § 38625.3. 690 Cease and desist orders -- Orders of suspension or removal from office -- Appeal -- Enforcement of orders.
- § 38625.3. 695 Approval of state-chartered bank officers or directors required in certain instances.
- § 38625.3. 710 Repealed, 2024.
- § 38625.3. 720 Repealed, 2024.
- § 38625.3. 730 Repealed, 2024.
- § 38625.3. 740 Repealed, 2024.
- § 38625.3. 750 Repealed, 2024.
- § 38625.3. 760 Repealed, 2024.
- § 38625.3. 765 Repealed, 2024.
- § 38625.3. 770 Repealed, 2024.
- § 38625.3. 800 Recognition of adverse claim to a deposit.
- § 38625.3. 820 Operation of loan production office by bank.
- § 38625.3. 850 Definitions for KRS 286.3-852 to 286.3-884.
- § 38625.3. 852 Applicability of KRS 286.3-850 to 286.3-884.
- § 38625.3. 854 Closing of bank by commissioner -- Written statement of grounds -- Appointment of receiver.
- § 38625.3. 856 Tender of appointment as receiver to FDIC.
- § 38625.3. 858 Vesting of assets in receiver.
- § 38625.3. 860 Notice of closing to be posted -- Effect.
- § 38625.3. 862 Powers and duties of receiver.
- § 38625.3. 864 "Preference" defined.
- § 38625.3. 866 Sale of assets by receiver -- Borrowing from FDIC by receiver.
- § 38625.3. 868 Claims procedure -- Publication -- Rejection of claim -- Petition to receivership court.
- § 38625.3. 870 Late claim's share in undistributed assets.
- § 38625.3. 872 Order of payment of claims.
- § 38625.3. 874 Rights of receiver under participation agreements.
- § 38625.3. 876 Receiver's election to reject a lease -- Effect.
- § 38625.3. 878 FDIC subrogated to rights of depositors.
- § 38625.3. 880 Receiver to appoint successor to bank's rights, assets, obligations.
- § 38625.3. 882 KRS 286.3-850 to 286.3-884 is exclusive procedure for appointment of receiver or liquidating agent.
- § 38625.3. 884 Destruction of closed bank's records.
- § 38625.3. 900 Definitions of terms used in this section and KRS 286.3-905 -- Acquisition of in-state banks -- Limitations -- In-county merger or consolidation.
- § 38625.3. 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.
- § 38625.3. 910 Illegal acquisitions.
- § 38625.3. 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.
- § 38625.3. 920 Definitions for section -- Interstate merger transactions -- Restrictions -- Combinations of commonly controlled banks -- Scope of activities of branch outside home state.
- § 38625.3. 990 Penalties.