There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
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.
Download pdfless than was required for organization, nor shall any reduction be valid until it has been
approved by the commissioner upon his finding that the interest of creditors of the bank
or trust company will not be prejudiced thereby. In no event, however, shall the capital
stock be less than two million five hundred thousand dollars ($2,500,000). Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 620, effective July 15, 2010; and ch. 28, sec. 9, effective July 15, 2010. -- Amended 1984 Ky. Acts ch. 324, sec. 9, effective
July 13, 1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1,
1942, from Ky. Stat. sec. 587. Formerly codified as KRS 287.090.
Legislative Research Commission Note (7/15/2010). This section was amended by 2010 Ky. Acts chs. 24 and 28, which do not appear to be in conflict and have been
codified together. 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.
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