{"data":{"id":"us-ky/krs-517.100","jurisdiction":"us-ky","citation":"KRS 517.100","heading":"Receiving deposits in failing financial institution.","body":"(1) A person is guilty of receiving deposits in a failing financial institution when, as an\nofficer, manager or other person participating in the direction of a financial\ninstitution, he knowingly receives or permits the receipt of a deposit or other\ninvestment, knowing that the institution is insolvent.\n(2) A financial institution is insolvent within the meaning of this section when it is\nunable to pay its obligations in the ordinary or usual course of business for any\nreason.\n(3) Receiving deposits in a failing financial institution is a Class D felony.","path":["KRS Chapter 517"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=19846","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T21:00:02Z","sha256":"f9996fa2163d214ccbcbe01a59a4adcf1b4b64852966391616ad0f311d314274","source_id":"us-ky","stale":false,"prev":"us-ky/krs-517.090","next":"us-ky/krs-517.110"},"notice":"GroundRules: Original legal text. Not legal advice."}