Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.3-010.Definitions for subtitle

(1) “Articles of incorporation” means the organizing records of a corporation filed and recorded with the Secretary of State in accordance with KRS Chapter 271B or 275;

(2) “Bank” or “state bank” means any bank or combined bank and trust company which is now or may hereafter be organized under the laws of this state;

(3) “Board of directors” means the governing body of a corporation elected or otherwise chosen by the shareholders, including the managers of a limited liability company;

(4) “Capital stock” means, at any particular time, the sum of:

(5) “Charter” means the record or records issued to a state bank, trust company, out-of-state bank, out-of-state trust company, or national bank by a chartering authority that authorizes the bank or trust company to transact a banking, trust, or combined banking and trust business;

(6) “Corporation” means either a for-profit corporation or a for-profit limited liability company;

(7) “Director” means a member of the board of directors;

(8) “Dividends” means a distribution of money, stock, or other property to shareholders of a corporation;

(9) “Home state” means:

(10) “Home state regulator” means, with respect to an out-of-state bank or out-of-state trust company, the bank or trust supervisory agency of the state in which the bank or trust company is organized;

(11) “Host state” means a state, other than its home state, in which:

(12) “National bank” or “national banking association” means a bank created by Congress and organized pursuant to the provisions of federal law, including savings and loan associations;

(13) “Out-of-state bank” means a bank organized under the laws of any state other than Kentucky;

(14) “Out-of-state trust company” means a corporation that is organized under the laws of a state other than Kentucky to engage in a trust business;

(15) “Shares” means the shares of stock or the unit of equity into which the proprietary interests of a corporation are divided;

(16) “Stock” means a corporation's shares;

(17) “Stockholder” or “shareholder” means an owner of a corporation's shares;

(18) “Surplus” means, at any particular time, the sum of:

(19) “Trust company” means any trust company which is now or may hereafter be organized under the laws of this state;

(20) “Trust representative office” means an office at which a trust company or an out-of-state trust company has been authorized by the commissioner to engage in a trust business other than acting as a fiduciary; and

(21) “Undivided profits” means the composite of a corporation's net retained earnings from current and prior years' operations.