KRS 286.6-275: Loan officers -- Appeal from disapproval of loan.

(1) The credit committee may appoint one (1) or more loan officers and delegate the

power to approve or disapprove loans, subject to such limitations or conditions as

the credit committee prescribes.

(2) Where a credit manager is provided in lieu of a credit committee, the credit manager

may appoint one (1) or more loan officers with the power to approve or disapprove

loans, subject to such limitations or conditions as the credit manager prescribes.

(3) A member whose application was disapproved by a loan off icer may appeal such

action to the credit committee or credit manager, as appropriate under the bylaws.