Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1921
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; DISSOLUTION; INSOLVENCY
Tax Type:Privilege
Brief Description:Sale of bank's assets as part of liquidation.
Keywords:


Body:

9-1921.Sale of bank's assets as part of liquidation.As part of the liquidation plan as approved by the commissioner, any bank, for the purpose of liquidation, may sell all or any part of the bank's assets to any other bank, either state or national, and may receive in payment cash or its equivalent, shares of stock in the purchasing bank, or both.
History:L. 2015, ch. 38, 7; July 1.



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

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