KRS 286.3-868: Claims procedure -- Publication -- Rejection of claim -- Petition to

receivership court.

All parties having claims against the bank shall present their claims substantiated by legal

proof to the receiver within one hundred eighty (180) days after th e bank closing. The

receiver shall cause notice of the claims procedure prescribed by this section to be

published once a week for twelve (12) consecutive weeks in a local newspaper of general

circulation and to be mailed to each person whose name appears as a creditor upon books

of the bank, at his last address of record. The receiver shall notify in writing any claimant

whose claim has been rejected within one hundred eighty (180) days following receipt of

his claim. Notice shall be effective when mail ed. Any claimant whose claim has been

rejected by the receiver may petition the receivership court for a hearing on his claim

within sixty (60) days from the date his claim is rejected.