Each bank organized under the laws of this state and authorized to receive deposits shall keep on hand at all times legal reserves as mandated by the board of governors of the Federal Reserve System.
KRS 286.3-300
Amended 1984 Ky. Acts ch. 324, sec. 24, effective7/13/1984. -- Amended 1982 Ky. Acts ch. 251, sec. 9, effective 4/1/1982. -- Amended 1970 Ky. Acts ch. 209, sec. 8, effective 6/18/1970. -- Amended 1942 Ky. Acts ch. 109, sec. 1. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 584.