KRS 286.3-490: Reports to be made to commissioner -- Contents -- Information from

officer, director, or board to commissioner.

(1) Every institution under the supervision of the department shall make a report to the

commissioner whenever required by the commission er to do so. The commissioner

shall not require more than five (5) reports from any one (1) institution in any one

(1) year, unless he or she deems it necessary in order to obtain complete

information.

(2) The reports shall show the actual condition of the bank making the report at the

close of business on a date designated by the commissioner and shall specify any

information required by the commissioner.

(3) Any officer, director, or board of directors of a bank or trust company shall

immediately notify t he commissioner concerning any information relating to that

financial institution of which they have personal knowledge, involving fraud,

defalcation, misfeasance, or violations of this subtitle. Failure to so notify the

commissioner shall be grounds for o fficer or director removal pursuant to KRS

286.3-690.