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286.1-020 Duties of commissioner -- Seal -- Administrative regulations.
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The commissioner may promulgate, amend, and repeal any administrative
regulations, forms, and orders as are necessary to interpret and carry out the
provisions and intent of this chapter. The commissioner shall devise a seal for the
department, a description of which, together with an impression thereof and a
certificate of approval by the Governor, shall be filed in the office of the Secretary
of State. The seal shall be renewed whenever necessary.
The commissioner of financial institutions and his or her deputies shall be allowed
their necessary traveling and other expenses of conducting their office.
The commissioner of financial institutions may issue a finding of permissible
activities, services, or products to authorize banks to engage in any banking activity
in which the banks could engage were they operating as national banks at the time
the authority is granted. Any finding shall be specifically limited to the activity,
service, or products contained therein and shall be mailed to all banks. This section
shall not apply to activities prohibited under Subtitle 9 of KRS Chapter 304.
Nothing herein contained shall be construed to repeal, modify, or alter the
restrictions of KRS 286.3-105 relative to the leasing of motor vehicles, or of KRS
286.3-180 relative to the establishment of branches.
The commissioner may designate the deputy commissioner, division directors,
general counsel, or branch managers to sign documents under his or her
instructions.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 610, effective July 15, 2010. -- Amended
1998 Ky. Acts ch. 196, sec. 3, effective July 15, 1998. -- Amended 1996 Ky. Acts ch.
318, sec. 211, effective July 15, 1996. -- Amended 1992 Ky. Acts ch. 226, sec. 1,
effective July 14, 1992. -- Amended 1984 Ky. Acts ch. 324, sec. 4, effective July 13,
1984. -- Amended 1976 Ky. Acts ch. 234, sec. 1. -- Amended 1970 Ky. Acts ch.
209, sec. 1, effective June 18, 1970. -- Recodified 1942 Ky. Acts ch. 208, sec. 1,
effective October 1, 1942, from Ky. Stat. secs. 165a-2, 165a-22.
Formerly codified as KRS 287.020.
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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