There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
286.3.455 Commonwealth or its employees not liable for failure to disclose financial condition of bank or trust company.
Download pdfof Kentucky, the commissioner, nor any examiner employed by the Commonwealth shall
become liable to any depositor, investor, or other obligor of said bank or trust company
by reason of said examination or omission of said examination to fully and effectively
disclose the financial condition of said bank or trust company, it being the policy of the
Commonwealth of Kentucky that such examinations as are required by KRS 286.3-450
and 286.3-460, are for the purpose of determining compliance with state law and not for
the purpose of protecting or guaranteeing the depositors, investors or other obligors of
said bank or trust company. Effective: July 13, 1984
Formerly codified as KRS 287.455.
History: Amended 1984 Ky. Acts ch. 324, sec. 31, effective July 13, 1984. -- Created 1980 Ky. Acts ch. 357, sec. 1, effective July 15, 1980. 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, and KRS references within
this statute have been adjusted to conform with the 2006 renumbering of that code.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.