Ky. Rev. Stat. § 286.3-025

Current through 2024 Ky. Acts ch. 225

Section 286.3-025 - Prohibitions against transacting banking or trust business in this state

(1) A person shall not transact banking or trust business in this state unless the person:

(a) Has been issued a charter under this subtitle to transact the business;

(b) Is transacting business authorized under KRS 286.2-670; or

(c) Is otherwise specifically authorized by the laws of this state or of the United States to transact the business in this state.

(2) An out-of-state bank or national bank may lend money in this state.

KRS 286.3-025

Effective:7/15/2010
Created 2010, Ky. Acts ch. 28, sec. 3, effective7/15/2010.