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286.3-210 Powers of banks or trust companies.
Any bank or trust company organized under the laws of this state may:
(1) Be appointed and act as guardian of infants, executors, administrator or curator of
estates of decedents, guardian or conservator of persons adjudged mentally disabled,
receiver or trustee for persons or estates;
(2) Act as agent for the transaction of any business or the management of estates, the
collection of rents, accounts, interest, dividends, notes, bonds, securities for money
and debts, and demands of every character;
(3) Receive on deposit and for safekeeping, gold, silver, jewelry, money and other
personal property of every kind, and shall have a lien upon all personal property
deposited with it for its charge.
Effective: July 15, 1984
History: Amended 1984 Ky. Acts ch. 324, sec. 21, effective July 13, 1984. -- Amended
1982 Ky. Acts ch. 141, sec. 82, effective July 1, 1982. -- Recodified 1942 Ky. Acts
ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 606.
Formerly codified as KRS 287.210.
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.
Note:
1980 Ky. Acts ch. 396, sec. 87 would have amended this section effective July
1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141,
sec. 146, also effective July 1,1982.
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