{"data":{"id":"us-ky/krs-286.3-490","jurisdiction":"us-ky","citation":"KRS 286.3-490","heading":"Reports to be made to commissioner -- Contents -- Information from","body":"officer, director, or board to commissioner.\n(1) Every institution under the supervision of the department shall make a report to the\ncommissioner whenever required by the commission er to do so. The commissioner\nshall not require more than five (5) reports from any one (1) institution in any one\n(1) year, unless he or she deems it necessary in order to obtain complete\ninformation.\n(2) The reports shall show the actual condition of the  bank making the report at the\nclose of business on a date designated by the commissioner and shall specify any\ninformation required by the commissioner.\n(3) Any officer, director, or board of directors of a bank or trust company shall\nimmediately notify t he commissioner concerning any information relating to that\nfinancial institution of which they have personal knowledge, involving fraud,\ndefalcation, misfeasance, or violations of this subtitle. Failure to so notify the\ncommissioner shall be grounds for o fficer or director removal pursuant to KRS\n286.3-690.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14589","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:11Z","sha256":"c571bc031402bcc4ffdb7d41f3189bd6931622bb0ed5f4ca06813ff262cf5c35","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.3-480","next":"us-ky/krs-286.3-530"},"notice":"GroundRules: Original legal text. Not legal advice."}