KRS 286.3-103: Investment in property.

(1) It is hereby declared to be the policy of the Commonwealth of Kentucky that the

investment of funds, by a bank chartered under the laws of Kentucky or a national

banking association having its principal office in Kentucky, in real and personal

property as now or hereafter provided by this subtitle, be recognized as a normal,

proper, necessary, and integral part of the legitimate business of such state or

national banks.

(2) All property owned and held by a state or national bank under this section shall be

deemed to be property that is proper and necessary for carrying out its legitimate

business within the meaning of KRS Chapter 271B or 275, or any section of the

Kentucky Revised Statutes relating to escheat.