{"data":{"id":"us-ky/krs-286.3-866","jurisdiction":"us-ky","citation":"KRS 286.3-866","heading":"Sale of assets by receiver -- Borrowing from FDIC by receiver.","body":"The receiver may, with ex parte approval of the receivership court, sell all or any part of\nthe bank's assets to another state or national bank or to the FDIC, provided that the effect\nof such sale shall not be to prefer one (1) or more members of a class of creditors,\nincluding uninsured deposit liabilities, over other members of the same class of creditors\nas set forth in KRS 286.3 -870.  In like manner the receiver may borrow from the FDIC\nany amount necessary to facilitate the assumption of deposit liabi lities by a newly\nchartered or existing bank, assigning any part or all of the assets of the bank as security\nfor such loan.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14614","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:11Z","sha256":"e862c8edd475a0ed277afcd56775ff3e250caf2b077bc88149e5dfa98e263cf4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.3-864","next":"us-ky/krs-286.3-868"},"notice":"GroundRules: Original legal text. Not legal advice."}