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Can you summarize KYRS 365.205?
TRADE PRACTICES > Definitions -- Printing requirements for personal checks.
Short Summary
This section of the Kentucky Revised Statutes governs the printing requirements for personal checks. The defined terms in this section include ‘Check’, ‘Federal or state financial institution’, and ‘Personal checking account’. It states that all checks provided by a federal or state financial institution for use in connection with a personal checking account must have the numerical month and year of the account’s opening printed on the faces of the checks. In the case of a personal checking account that is closed and a new account opened simultaneously, the checks in the new account must have the numerical month and year of the closed account’s opening printed on them. However, if the closed account was opened prior to July 15, 1986, no date is required to be imprinted on the checks. This requirement was established by the 1986 Kentucky Acts, Chapter 105, effective from July 15, 1986.
Whom does it apply to?
Federal or state financial institutions and individuals with personal checking accounts
What does it govern?
Printing requirements for personal checks
What are exemptions?
No exemptions are mentioned
What are the Penalties?
No penalties are mentioned
Jurisdiction
Kentucky