{"data":{"id":"us-ky/krs-386.570","jurisdiction":"us-ky","citation":"KRS 386.570","heading":"Control by commissioner of financial institutions.","body":"The commissioner of financial institutions shall have authority to adopt and issue\nreasonable and uniform rules and regulations to govern the conduct and management of\nall fiduciary investment companies having investment advisers other than national banks.\nThe commissioner of financial institutions may, whenever he may deem it necessary or\nexpedient, examine every fiduciary investment company contemplated by KRS 386.510\nto 386.590 having an investment adviser which is not a national bank. In every such\nexamination, the commissioner of financial institutions shall make inquiry as to its\nfinancial condition, the policies of its management, whether it is complying with the laws\nof Kentucky, and such other matters as the commissioner of financial institutions ma y\nreasonably prescribe. In the enforcement of KRS 386.510 to 386.590 and the restrictions\nand limitations imposed by their articles of incorporation and bylaws, the commissioner\nof financial institutions shall have the same powers and authority with respect to fiduciary\ninvestment companies having investment advisers other than a national bank as are\nconferred upon him by the laws of this state with respect to state banks and trust\ncompanies to the same extent and in the same manner as if fiduciary investme nt\ncompanies were expressly named in Subtitle 3 of Chapter 286 of the Kentucky Revised\nStatutes.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35951","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"501b8f62258b037fc064fc0141a01026af7d826e810dd0a7e29acc5f5f0d7d8d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.560","next":"us-ky/krs-386.580"},"notice":"GroundRules: Original legal text. Not legal advice."}