Kentucky Const. art. Corporations, § 204

Kentucky Constitution

Article Corporations, § 204 — Bank officer liable for receiving deposit for insolvent bank

This text of Kentucky Const. art. Corporations, § 204 (Bank officer liable for receiving deposit for insolvent bank) is published on Counsel Stack Legal Research, covering Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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ArticleCorporations

Section§ 204

CitationKentucky Const. art. Corporations, § 204

Bluebook

Ky. Const. art. Corporations, § 204.

Full Text

Any President, Director, Manager, Cashier or other officer of any banking institution or association for the deposit or loan of money, or any individual banker, who shall receive or assent to the receiving of deposits after he shall have knowledge of the fact that such banking institution or association or individual banker is insolvent, shall be individually responsible for such deposits so received, and shall be guilty of felony and subject to such punishment as shall be prescribed by law.

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Any President, Director, Manager, Cashier or other officer of any banking institution or association for the deposit or loan of money, or any individual banker, who shall receive or assent to the receiving of deposits after he shall have knowledge of the fact that such banking institution or association or individual banker is insolvent, shall be individually responsible for such deposits so received, and shall be guilty of felony and subject to such punishment as shall be prescribed by law.

History

Text as Ratified on: August 3, 1891, and revised September 28, 1891. History: Not yet amended.

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Bluebook (online)

Kentucky Const. art. Corporations, § 204, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ky/Corporations/204.