Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1920
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; DISSOLUTION; INSOLVENCY
Tax Type:Privilege
Brief Description:Borrowing by liquidating bank.
Keywords:


Body:

9-1920.Borrowing by liquidating bank.Upon the approval of the commissioner, the board of directors of any bank in the process of voluntary liquidation may borrow an amount not in excess of 100% of the bank's total deposit liabilities and may pledge the bank's assets.
History:L. 2015, ch. 38, 6; July 1.



Date Composed: 12/03/2015 Date Modified: 12/04/2015

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