Subtitle 286.3 - BANKS AND TRUST COMPANIES

Section 286.3-010 - Definitions for subtitle
Section 286.3-020 - Approval of application for charter - Prerequisites to financial institution doing business under its charter
Section 286.3-025 - Prohibition against transacting business before issuance of charter
Section 286.3-030 - Limitation on right to engage in business - Authorization for Kentucky chartered banks and subsidiaries to sell insurance - Names to be used by branch offices
Section 286.3-040 - Who may organize - Number of directors required
Section 286.3-050 - Organization to be approved by commissioner
Section 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
Section 286.3-065 - Officers and directors to act in good faith and with necessary and reasonable care and diligence
Section 286.3-070 - Minimum capital stock required
Section 286.3-080 - Minimum capital and surplus required to begin business
Section 286.3-090 - Reduction of capital stock of bank or trust company to be approved by commissioner - $2,500,000 in capital stock to be maintained
Section 286.3-095 - Change in control or certain loans to be reported to commissioner - Contents of report
Section 286.3-100 - Investment of bank funds - Property that may be held
Section 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
Section 286.3-103 - Investment in property
Section 286.3-105 - Bank may acquire and hold personal property at request of customer - Property deemed collateral
Section 286.3-110 - Investment of funds held in fiduciary capacity - Capital stock liable for fiduciary obligations
Section 286.3-115 - Capital notes and debentures may be issued - Conditions
Section 286.3-135 - Banker's bank authorized - Limitations on holdings - Issuance of charter
Section 286.3-140 - Amendment of articles and reorganization to engage in a trust business - Consolidation - Transfer of fiduciary account to affiliate
Section 286.3-145 - Kentucky state trust company - Scope of activities - Acquisition of office within or outside of this state by Kentucky state trust company - Rights, privileges, obligations, and liabilities of selling trust company
Section 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
Section 286.3-150 - Consolidation of trust companies - Method and effect
Section 286.3-160 - State bank may reorganize as national bank
Section 286.3-170 - National bank may reorganize as state bank
Section 286.3-172 - Conditions of and procedure for conversion of national banking association to state bank or merger with state bank
Section 286.3-173 - Conversion of state bank to or merger with national banking association
Section 286.3-174 - Provisions of KRS 286.3-172 and 286.3-173 to constitute alternative method - Legislative purpose declared
Section 286.3-180 - Banking business, where done - Branch banks
Section 286.3-183 - Transfer of branches between commonly controlled banks
Section 286.3-185 - Change of location - Approval by commissioner
Section 286.3-187 - Bank acting as agent of another financial institution - Filing - Commissioner's approval - Scope of activities
Section 286.3-190 - Powers of banks
Section 286.3-193 - Bank holidays
Section 286.3-199 - Closing of banks - Emergency
Section 286.3-200 - Certain banks may continue to act as fiduciaries
Section 286.3-210 - Powers of banks or trust companies
Section 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
Section 286.3-214 - Rate of interest allowed on loans of $15,000 or less - Trust company not to extend credit - Exception
Section 286.3-215 - Authority to charge interest in advance - Installment loans with interest in advance - Exceptions - Restrictions on installment loans
Section 286.3-218 - Definitions for KRS 286.3-219 and 286.3-220
Section 286.3-219 - Continuation of trust by corporate trustee - Limitations - Application
Section 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
Section 286.3-225 - Appointment of a nominee by banking institutions acting in a fiduciary capacity
Section 286.3-230 - Common trust funds - Consent of cofiduciary
Section 286.3-235 - Common trust fund not separate entity for tax purposes - Circumstances when no gain or loss to be recognized
Section 286.3-240 - Real estate mortgage investment fund - Participation certificates
Section 286.3-250 - Operation of real estate mortgage investment fund
Section 286.3-260 - Liquidation of investment fund
Section 286.3-270 - Fiduciary may act in own name - Records - Investments not subject to debts of fiduciary
Section 286.3-272 - Investment of fiduciary assets in company or trust associated with investing institution - Fee
Section 286.3-275 - Limits on liability of bank or trust company acting as fiduciary
Section 286.3-277 - Standards for bank or trust company acting as fiduciary
Section 286.3-280 - Maximum debt of persons to bank or trust company
Section 286.3-290 - Exceptions to maximum debt to banks
Section 286.3-300 - Required reserves
Section 286.3-310 - Bank may own stock in federal reserve bank or Federal Deposit Insurance Corporation
Section 286.3-320 - Federal Deposit Insurance Corporation to be subrogated to rights against closed banks
Section 286.3-330 - Assets may be pledged or surety bonds provided as collateral security - Security not required if deposit insured
Section 286.3-340 - Preferred stock
Section 286.3-350 - When dividends may be declared
Section 286.3-375 - Preservation of bank records
Section 286.3-380 - Deposits by minors
Section 286.3-385 - Educational loans to minors - Validity
Section 286.3-420 - [Repealed]
Section 286.3-450 - Examination - Procedure - Agreement to examine and supervise branches - Joint examination and enforcement actions
Section 286.3-455 - Commonwealth or its employees not liable for failure to disclose financial condition of bank or trust company
Section 286.3-460 - Duties of examiners
Section 286.3-470 - Information obtained by examination to be confidential - Exceptions - Reports as evidence
Section 286.3-480 - Fees to be paid commissioner for services
Section 286.3-490 - Reports to be made to commissioner - Contents - Information from officer, director, or board to commissioner
Section 286.3-530 - Examination of institutions in hands of receiver - Reports of receivers
Section 286.3-630 - Transfer of assets to another bank - Procedure - Publication of notice
Section 286.3-640 - Relief to aggrieved shareholders
Section 286.3-660 - Annual report of commissioner
Section 286.3-690 - Cease and desist orders - Orders of suspension or removal from office - Appeal - Enforcement of orders
Section 286.3-695 - Approval of state-chartered bank officers or directors required in certain instances
REVOLVING CREDIT PLANS (§§ 286.3-710 — 286.3-770)
ADVERSE CLAIM TO DEPOSIT (§ 286.3-800)
LOAN PRODUCTION OFFICES (§ 286.3-820)
RECEIVERS FOR INSOLVENT BANKS (§§ 286.3-850 — 286.3-884)
ACQUISITION OF BANKS (§§ 286.3-900 — 286.3-920)
PENALTIES (§ 286.3-990)