Kentucky Statutes 286.2-100 – Definitions for KRS 286.2-100 to 286.2-680
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As used in KRS § 286.2-100 to KRS § 286.2-680, unless the context requires otherwise:
(1) “Financial institution” means a state or national bank, bank holding company, trust company, savings and loan association, savings and loan association holding company, credit union, or wholly owned subsidiary thereof;
(2) “Interested person” means the surviving spouse of the lessee, an adult child of the lessee, a parent of the lessee, a person named as the personal representative in a copy of a purported will produced by such person, a person designated by the lessee in writing acceptable to the lessor that is filed with the lessor before death of the lessee, or a person named in a court order to examine the contents of a safe deposit box for a purpose listed in KRS § 286.2-105(1);
(3) “Lessee” means a person who contracts with a lessor for the use of a safe deposit box;
(4) “Lessor” means a financial institution or safe deposit company that rents safe deposit facilities; and
(5) “Safe deposit box” means a safe deposit box, vault, or other safe deposit receptacle maintained by a lessor that may be used for the safekeeping and storage of property and documents.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 104, sec. 23, effective June 25, 2009. — Created
2001 Ky. Acts ch. 141, sec. 1, effective June 21, 2001.
Formerly codified as KRS § 286.100.
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, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
(1) “Financial institution” means a state or national bank, bank holding company, trust company, savings and loan association, savings and loan association holding company, credit union, or wholly owned subsidiary thereof;
Terms Used In Kentucky Statutes 286.2-100
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Person: means a natural person, or any type or form of corporation, company, partnership, proprietorship, association, or other legal entity. See Kentucky Statutes 286.1-010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
(2) “Interested person” means the surviving spouse of the lessee, an adult child of the lessee, a parent of the lessee, a person named as the personal representative in a copy of a purported will produced by such person, a person designated by the lessee in writing acceptable to the lessor that is filed with the lessor before death of the lessee, or a person named in a court order to examine the contents of a safe deposit box for a purpose listed in KRS § 286.2-105(1);
(3) “Lessee” means a person who contracts with a lessor for the use of a safe deposit box;
(4) “Lessor” means a financial institution or safe deposit company that rents safe deposit facilities; and
(5) “Safe deposit box” means a safe deposit box, vault, or other safe deposit receptacle maintained by a lessor that may be used for the safekeeping and storage of property and documents.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 104, sec. 23, effective June 25, 2009. — Created
2001 Ky. Acts ch. 141, sec. 1, effective June 21, 2001.
Formerly codified as KRS § 286.100.
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, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.