KRS 286.3-878: FDIC subrogated to rights of depositors.

Whenever the FDIC pays or makes available for payment the insured deposit liabilities of

a closed bank, the FDIC, whether or not it acts as receiver, shall be subrogated to all

rights of depositors against the closed bank to the same extent as subrogation is provided

for in the Federal Deposit Insurance Act, 12 U.S.C. secs. 1811 et seq., in the case of a

national bank.