Kentucky Revised Statutes · § 286.3-190 — Powers of banks
286.3-190. Powers of banks
Any bank may accept for payment at a future date drafts or bills of exchange drawn upon it by its customers, issue letters of credit authorizing the holders thereof to draw drafts upon it or its correspondents at sight or on time, and accept or discount acceptances.
Source notes
Effective: July 13, 1984
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.
History and annotations
Amended 1984 Ky. Acts ch. 324, sec. 18, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 251, sec. 8, effective April 1, 1982. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 579. Formerly codified as KRS 287.190.
Source captured 2026-09-25. Open the official source.