{"data":{"id":"us-ky/krs-155.150","jurisdiction":"us-ky","citation":"KRS 155.150","heading":"Restrictions on deposits.","body":"(1) The corporation shall not deposit any of its funds in any banking institution unless\nsuch institution has been designated as a depository by a vote of a majority of the\ndirectors present at an authorized meeting of the board of directors, exclusive of any\ndirector who is an officer or director of the depository so designated.\n(2) The corporation shall not receive money on deposit except for purposes stated in\nthis chapter.","path":["KRS Chapter 155"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3068","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:58Z","sha256":"36d60b1e3ebf205f95eccbc795cd1fbda0aba43d19889757d59ab5abc8cebc35","source_id":"us-ky","stale":false,"prev":"us-ky/krs-155.140","next":"us-ky/krs-155.160"},"notice":"GroundRules: Original legal text. Not legal advice."}