286.1-012 Appointment of commissioner -- Qualifications. The Governor, in accordance with KRS 12.040, shall appoint as commissioner of financial institutions a person knowledgeable in banking with not less than three (3) years' banking experience. For this purpose, "banking experience" means service as an executive officer in a bank with its principal office located in Kentucky or service in a supervisory capacity in a state or federal agency having regulatory authority over banks or other financial institutions. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 608, effective July 15, 2010. -- Amended 1984 Ky. Acts ch. 324, sec. 3, effective July 13, 1984; and ch. 388, sec. 4, effective July 13, 1984. -- Amended 1976 Ky. Acts ch. 86, sec. 13, effective March 29, 1976. - - Created 1946 Ky. Acts ch. 191, sec. 2. Formerly codified as KRS 287.012. 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.
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