KRS 286.3-455: Commonwealth or its employees not liable for failure to disclose
Where this section sits in the code
financial condition of bank or trust company.
In undertaking the examination of any bank or trust company, neither the Commonwealth
of Kentucky, the commissioner, nor any examiner empl oyed by the Commonwealth shall
become liable to any depositor, investor, or other obligor of said bank or trust company
by reason of said examination or omission of said examination to fully and effectively
disclose the financial condition of said bank or trust company, it being the policy of the
Commonwealth of Kentucky that such examinations as are required by KRS 286.3 -450
and 286.3-460, are for the purpose of determining compliance with state law and not for
the purpose of protecting or guaranteeing the depositors, investors or other obligors of
said bank or trust company.
Collected 2026-09-05T20:57:10Z. Source file · JSON