There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
286.3.170 National bank may reorganize as state bank.
Download pdfbank, upon authority in writing of the owners of two-thirds (2/3) of its capital stock, may
organize a state bank. The articles of incorporation shall include a statement of the
authority derived from the stockholders of the dissolved bank. All assets, real and
personal, of such bank shall be vested in and become the property of the state bank,
subject to all liabilities existing against the bank at the time of its reorganization. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 589. Formerly codified as KRS 287.170.
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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