KRS 517.100: Receiving deposits in failing financial institution.

(1) A person is guilty of receiving deposits in a failing financial institution when, as an

officer, manager or other person participating in the direction of a financial

institution, he knowingly receives or permits the receipt of a deposit or other

investment, knowing that the institution is insolvent.

(2) A financial institution is insolvent within the meaning of this section when it is

unable to pay its obligations in the ordinary or usual course of business for any

reason.

(3) Receiving deposits in a failing financial institution is a Class D felony.