{"data":{"id":"us-ky/krs-286.3-310","jurisdiction":"us-ky","citation":"KRS 286.3-310","heading":"Bank may own stock in federal reserve bank or Federal Deposit","body":"Insurance Corporation.\n(1) Any bank organized under the laws of this state may subscribe for and own stock of\nthe federal reserve bank within the federal reserve district where it is loca ted and\nmay take any steps necessary to become a member of that federal reserve bank.\n(2) Any bank organized under the laws of this state may, upon the authority of a\nmajority of its board of directors, acquire stock or securities of the Federal Deposit\nInsurance Corporation and may enter into and take advantage of all contracts, rights\nand privileges which may at any time be available to them or their depositors,\nreceivers or liquidators, pursuant to any federal act, and may do anything necessary\nto acquir e or maintain insurance of its deposits in the Federal Deposit Insurance\nCorporation, or any federal corporation that succeeds or is substituted therefor.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14575","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:10Z","sha256":"a3c0bb41db2f95102b61a2fbda4bbc375a824c91650c33dac8f124da0aafc8dd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.3-300","next":"us-ky/krs-286.3-320"},"notice":"GroundRules: Original legal text. Not legal advice."}