Chapter 287. Banks and Trust Companies

• 287.010 Definitions for Chapter—Renumbered
• 287.011 Office of Financial Institutions;  Functions;  Divisions Within Office;  Medium for Filing Applications and Other Documents—Renumbered
• 287.012 Appointment of Executive Director;  Qualifications—Renumbered
• 287.013 Financial Institutions Board;  Duties—Renumbered
• 287.015 Political Subdivisions Prohibited from Enacting or Enforcing Legislation Governing Matters Preempted by State or Federal Law;  Exception for Civil Rights;  State Law to be Construed as Consistent with Federal Law—Renumbered
• 287.020 Duties of Executive Director;  Seal;  Regulations—Renumbered
• 287.025 Deputy Director;  Appointment;  Service as Executive Director—Renumbered
• 287.030 Limitation on Right to Engage in Business;  Authorization for Kentucky Chartered Banks and Subsidiaries to Sell Insurance—Renumbered
• 287.040 Who May Organize;  Number of Directors Required—Renumbered
• 287.050 Organization to be Approved by Executive Director—Renumbered
• 287.060 Oath Required of Board of Directors Before Transacting Business;  Conditions Precedent to Issuance of Certificate to Transact Business—Renumbered
• 287.061 Application for Approval;  Hearing—Repealed
• 287.062 Appeal to Court;  Procedure;  Advancement of Case—Repealed
• 287.065 Majority of Directors to be Residents;  Duties of Directors—Renumbered
• 287.070 Minimum Capital Stock Required—Renumbered
• 287.080 Minimum Capital and Surplus Required to Begin Business—Renumbered
• 287.085 Increase of Capital Stock—Repealed
• 287.090 Reduction of Capital Stock of Bank or Trust Company to be Approved by Executive Director—Renumbered
• 287.095 Change in Control or Certain Loans to be Reported to Executive Director;  Contents of Report—Renumbered
• 287.100 Investment of Bank Funds;  Property that May be Held—Renumbered
• 287.102 Activities Permitted to State Bank Receiving Camel Rating of 1 or 2—Renumbered
• 287.103 Investment in Property—Renumbered
• 287.105 Bank May Acquire and Hold Personal Property at Request of Customer;  Property Deemed Collateral—Renumbered
• 287.110 Investment of Funds Held in Fiduciary Capacity;  Capital Stock Liable for Fiduciary Obligations—Renumbered
• 287.115 Capital Notes and Debentures May be Issued;  Conditions—Renumbered
• 287.120 Use of Funds of Combined Banks and Trust Companies—Repealed
• 287.130 Use of Funds of Combined Bank, Trust and Title Insurance Company—Repealed
• 287.135 Banker's Bank Authorized;  Limitations on Holdings;  Issuance of Charter—Renumbered
• 287.140 Amendment of Articles and Reorganization to Engage in a Trust Business;  Consolidation;  Transfer of Fiduciary Account to Affiliate—Renumbered
• 287.150 Consolidation of Trust Companies;  Method and Effect—Renumbered
• 287.160 State Bank May Reorganize as National Bank—Renumbered
• 287.170 National Bank May Reorganize as State Bank—Renumbered
• 287.171 Definitions for KRS 287.171 to 287.174—Repealed
• 287.172 Conditions of and Procedure for Conversion of National Banking Association to State Bank or Merger with State Bank—Renumbered
• 287.173 Conversion of State Bank to or Merger with National Banking Association—Renumbered
• 287.174 Provisions of KRS 287.172 and 287.173 to Constitute Alternative Method;  Legislative Purpose Declared—Renumbered
• 287.180 Banking Business, Where Done;  Branch and Agency Banks—Renumbered
• 287.183 Transfer of Branches Between Commonly Controlled Banks—Renumbered
• 287.185 Change of Location;  Approval by Executive Director—Renumbered
• 287.187 Bank Acting as Agent of Another Financial Institution;  Filing;  Commissioner's Approval;  Scope of Activities—Renumbered
• 287.190 Powers of Banks—Renumbered
• 287.193 Bank Holidays—Renumbered
• 287.195 Permissive Holidays—Repealed
• 287.197 Remaining Open on Certain Legal Holidays, Effect—Repealed
• 287.199 Closing of Banks;  Emergency—Renumbered
• 287.200 Certain Banks May Continue to Act as Fiduciaries—Renumbered
• 287.205 when National Bank May Act as Fiduciary—Repealed
• 287.210 Powers of Banks or Trust Companies—Renumbered
• 287.212 Deposit of Securities with District Federal Reserve Bank by Bank Acting as Fiduciary or Custodian for Fiduciary;  Accounting and Crediting of Deposits—Renumbered
• 287.214 Rate of Interest Allowed on Loans of $15,000 or Less;  Trust Company Not to Extend Credit;  Exception—Renumbered
• 287.215 Authority to Charge Interest in Advance;  Installment Loans with Interest in Advance;  Exceptions;  Restrictions on Installment Loans—Renumbered
• 287.218 Definitions for KRS 287.219 and 287.220—Renumbered
• 287.219 Continuation of Trust by Corporate Trustee;  Limitations;  Application—Renumbered
• 287.220 Corporate Fiduciaries Subject to Laws Governing Individuals;  Security on Bonds;  Ability to Serve as Trustee of Multiple Trusts with Common or Nonidentical Beneficiaries—Renumbered
• 287.225 Appointment of a Nominee by Banking Institutions Acting in a Fiduciary Capacity—Renumbered
• 287.230 Common Trust Funds;  Consent of Cofiduciary—Renumbered
• 287.235 Common Trust Fund Not Separate Entity for Tax Purposes;  Circumstances when NO Gain or Loss to be Recognized—Renumbered
• 287.240 Real Estate Mortgage Investment Fund;  Participation Certificates—Renumbered
• 287.250 Operation of Real Estate Mortgage Investment Fund—Renumbered
• 287.260 Liquidation of Investment Fund—Renumbered
• 287.270 Fiduciary May Act in Own Name;  Records;  Investments Not Subject to Debts of Fiduciary—Renumbered
• 287.272 Investment of Fiduciary Assets in Company or Trust Associated with Investing Institution;  Fee—Renumbered
• 287.275 Limits on Liability of Bank or Trust Company Acting as Fiduciary—Renumbered
• 287.277 Standards for Bank or Trust Company Acting as Fiduciary—Renumbered
• 287.280 Maximum Debt of Persons to Bank or Trust Company—Renumbered
• 287.290 Exceptions to Maximum Debt to Banks—Renumbered
• 287.300 Required Reserves—Renumbered
• 287.310 Bank May Own Stock in Federal Reserve Bank or Federal Deposit Insurance Corporation—Renumbered
• 287.320 Federal Deposit Insurance Corporation to be Subrogated to Rights Against Closed Banks—Renumbered
• 287.325 Advertising Notice Required Where Not Federally Insured—Repealed
• 287.330 Assets May be Pledged or Surety Bonds Provided as Collateral Security;  Security Not Required if Deposit Insured—Renumbered
• 287.340 Preferred Stock—Renumbered
• 287.350 when Dividends May be Declared—Renumbered
• 287.360 Double Liability for Certain Stock Issued Prior to May 16, 1936—Repealed
• 287.365 Enforcement of Stockholders' Liability—Repealed
• 287.370 Separate Records for Commercial and Savings Departments;  Interest Allowed to be Posted—Repealed
• 287.375 Preservation of Bank Records—Renumbered
• 287.380 Deposits by Minors—Renumbered
• 287.385 Educational Loans to Minors;  Validity—Renumbered
• 287.390 Payment of Checks Out of Reserve Funds;  Exceptions—Repealed
• 287.400 when Checks Not to be Protested for Nonpayment—Repealed
• 287.405 Revocation, Countermand or Stop-Payment Order—Repealed
• 287.407 Bank May Refuse Payment of Check or Instrument Payable on Demand at Any Bank when Presented More than One Year from Date, when;  NO Liability—Repealed
• 287.410 Publication of Unclaimed Deposits and Dividends—Repealed
• 287.420 Publication of Financial Statement;  Contents;  Disposition of Copies—Renumbered
• 287.430 Commissioner to Post and Keep Detailed Information—Repealed
• 287.440 Appointment of Examiners;  Oath;  Restrictions on Debt and Stock Ownership;  Contracts for Services of Agency's Examiners—Renumbered
• 287.450 Examination;  Procedure;  Agreement to Examine and Supervise Branches;  Joint Examination and Enforcement Actions—Renumbered
• 287.455 Commonwealth or Its Employees Not Liable for Failure to Disclose Financial Condition of Bank or Trust Company—Renumbered
• 287.460 Duties of Examiners—Renumbered
• 287.470 Information Obtained by Examination to be Confidential;  Exceptions;  Reports as Evidence—Renumbered
• 287.480 Fees to be Paid Executive Director for Services—Renumbered
• 287.485 Disposition of Fees Collected Under Various KRS Provisions—Renumbered
• 287.490 Reports to be Made to Executive Director;  Contents;  Information from Officer, Director, or Board to Executive Director—Renumbered
• 287.500 Effect of Reports of Commissioner and Examiners;  when to be Made Public—Repealed
• 287.510 Procedure when Bank's Reserve is Low—Repealed
• 287.520 Institution May Place Its Affairs Under Control of Department—Repealed
• 287.530 Examination of Institutions in Hands of Receiver;  Reports of Receivers—Renumbered
• 287.540 Procedure when Capital Stock Has Been Impaired—Repealed
• 287.550 Officers of Insolvent Banks Not to Receive Deposits—Repealed
• 287.560 Department to Take Charge of Insolvent Institution;  Warning Against Unsafe Policies;  Appointment of Receiver—Repealed
• 287.570 Special Officers and Agents for Liquidating Institutions—Repealed
• 287.580 Special Deputy Commissioner for Liquidation;  Bond—Repealed
• 287.590 Compensation of Person Taking Charge of Insolvent Institution—Repealed
• 287.600 Reports Concerning Insolvent Institution;  Claims of Creditors;  Review—Repealed
• 287.610 Distribution of Assets—Repealed
• 287.620 Persons Having Charge of Closed and Insolvent Institutions May Borrow Money—Repealed
• 287.630 Transfer of Assets to Another Bank;  Procedure;  Publication of Notice—Renumbered
• 287.640 Relief to Aggrieved Shareholders—Renumbered
• 287.650 Reorganization of Closed or Suspended Institutions;  Procedure—Repealed
• 287.660 Annual Report of Commissioner—Renumbered
• 287.670 Foreign Corporations, Activities Deemed Not Transacting Business in Kentucky—Renumbered
• 287.680 Foreign Lenders, when Not Required to Qualify as Doing Business:  Nexus Requirement—Renumbered
• 287.690 Cease and Desist Orders;  Orders of Suspension or Removal from Office;  Appeal;  Enforcement of Orders—Renumbered
• 287.695 Approval of State-Chartered Bank Officers or Directors Required in Certain Instances—Renumbered
• Revolving Credit Plans
• Adverse Claim to Deposit
• Loan Production Offices
• Receivers for Insolvent Banks
• Acquisition of Banks
• Penalties