KRS 286.3-866: Sale of assets by receiver -- Borrowing from FDIC by receiver.

The receiver may, with ex parte approval of the receivership court, sell all or any part of

the bank's assets to another state or national bank or to the FDIC, provided that the effect

of such sale shall not be to prefer one (1) or more members of a class of creditors,

including uninsured deposit liabilities, over other members of the same class of creditors

as set forth in KRS 286.3 -870. In like manner the receiver may borrow from the FDIC

any amount necessary to facilitate the assumption of deposit liabi lities by a newly

chartered or existing bank, assigning any part or all of the assets of the bank as security

for such loan.