There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
286.3.910 Illegal acquisitions.
Download pdfholding company to directly or indirectly acquire, control, hold, charter, convert or
operate any bank, as defined in KRS 286.3-900, located in this state which is an "insured
bank" or eligible to become an "insured bank" as that term is defined in the Federal
Deposit Insurance Act, which does not both accept deposits that the depositor has the
legal right to withdraw on demand and actively engage in the business of making
commercial loans. Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 444, sec. 14, effective July 15, 1986.
Formerly codified as KRS 287.910.
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.
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