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Kentucky Revised Statutes (Last Updated: May 10, 2014) |
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TITLE XXV. BUSINESS AND FINANCIAL INSTITUTIONS |
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CHAPTER 286. KENTUCKY FINANCIAL SERVICES CODE |
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Subtitle 3. Banks and Trust Companies |
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Receivers for Insolvent Banks |
3-850. Definitions. |
3-852. Applicability of KRS 286.3-850 to 286.3-884. |
3-854. Closing of bank by commissioner -- Written statement of grounds -- Appointment of receiver. |
3-856. Tender of appointment as receiver to FDIC. |
3-858. Vesting of assets in receiver. |
3-860. Notice of closing to be posted -- Effect. |
3-862. Powers and duties of receiver. |
3-864. "Preference" defined. |
3-866. Sale of assets by receiver -- Borrowing from FDIC by receiver. |
3-868. Claims procedure -- Publication -- Rejection of claim -- Petition to receivership court. |
3-870. Late claim's share in undistributed assets. |
3-872. Order of payment of claims. |
3-874. Rights of receiver under participation agreements. |
3-876. Receiver's election to reject a lease -- Effect. |
3-878. FDIC subrogated to rights of depositors. |
3-880. Receiver to appoint successor to bank's rights, assets, obligations. |
3-882. KRS 286.3-850 to 286.3-884 is exclusive procedure for appointment of receiver or liquidating agent. |
3-884. Destruction of closed bank's records. |