Upon confirmation of the appointment of a receiver, title to all assets of the bank shall vest in the receiver without the execution of any instruments of conveyance, assignment, transfer or endorsement.
Effective: July 13, 1984

Terms Used In Kentucky Statutes 286.3-858

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Statute: A law passed by a legislature.

History: Created 1984 Ky. Acts ch. 324, sec. 45, effective July 13, 1984.
Formerly codified as KRS § 287.858.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.