Section 286.3-060 - Oath required of each director before transacting business and upon any election or reelection - Oath to be filed with commissioner and subject to review(1) Before any financial institution mentioned in KRS 286.3-040 may transact any banking or trust business, each director of the institution shall take an oath which shall state in substance: (a) That such director is a citizen of the United States, and the State of Kentucky, or, if not, the place of his residence;(b) That he will faithfully discharge the duties of his office and administer the affairs of the institution, so far as the duties of his office require;(c) That he will uphold the laws of the state, and particularly the banking and trust laws.(2) The oath shall be taken before any officer authorized to administer oaths, and shall be forwarded to the commissioner for filing.(3) Upon the election of any subsequent director, or reelection of any director, the oath shall be taken and shall be maintained by the bank and be subject to review at examination.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 618, effective7/15/2010; and ch. 28, sec. 7, effective7/15/2010. -- Amended 1998 Ky. Acts . 196, sec. 6, effective 7/15/1998. -- Amended 1996, Ky. Acts ch. 318, sec. 212, effective 7/15/1996. --Amended 1984 Ky. Acts ch. 324, sec. 8, effective 7/13/1984. -- Amended 1976 Ky. Acts ch. 324, sec. 2. -- Amended 1970 Ky. Acts ch. 209, sec. 2, effective 6/18/1970. -- Amended 1946 Ky. Acts ch. 175, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 165a-20.