Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Kentucky · Chapter 517 — Business and commercial frauds

517.100 Receiving deposits in failing financial institution.

92 words·~1 min read·/ky/chapter-517/517-100

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A person is guilty of receiving deposits in a failing financial institution when, as an
officer, manager or other person participating in the direction of a financial
institution, he knowingly receives or permits the receipt of a deposit or other
investment, knowing that the institution is insolvent.
(2)A financial institution is insolvent within the meaning of this section when it is
unable to pay its obligations in the ordinary or usual course of business for any
reason.
(3)Receiving deposits in a failing financial institution is a Class D felony.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.