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 t his state. Effective: July 15, 2024 History: Amended 2024 Ky. Acts ch. 152, sec. 12, effective July 15, 2024. -- Created 2010 Ky. Acts ch. 28, sec. 3, effective July 15, 2010.
Kentucky Legal Code