{"data":{"id":"us-ky/krs-286.3-040","jurisdiction":"us-ky","citation":"KRS 286.3-040","heading":"Who may organize -- Number of directors required.","body":"(1) Any five (5) or more natural persons may organize a corporation for the purpose of\nobtaining a charter to transact business as a:\n(a) Bank;\n(b) Trust company; or\n(c) Combined bank and trust company.\n(2) The board of directors of a bank, trust company, or c ombined bank and trust\ncompany shall not be less than the number of organizers required for the\ncorporation under subsection (1) of this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55144","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:10Z","sha256":"0ab0a155270387568d9ed2c1f6b6dc8e8dfa7f1da1c901203677caa58e59b39d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.3-030","next":"us-ky/krs-286.3-050"},"notice":"GroundRules: Original legal text. Not legal advice."}