KRS 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.