Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1916
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; DISSOLUTION; INSOLVENCY
Tax Type:Privilege
Brief Description:Same; action to enforce liability; evidence.
Keywords:


Body:

9-1916.Same; action to enforce liability; evidence.In all actions brought for the recovery of any deposits received, in an amount that would create an excess above the federal deposit insurance corporation insured deposit amount, while any bank was insolvent or in failing circumstances, all officers, agents, and directors of such bank may be joined as defendants or proceeded against severally. The fact that any bank was insolvent or in failing circumstances at the time of the reception of the deposit shall be prima facie evidence of such knowledge in accepting the deposit on the part of such officer, agent or director so charged therewith. This liability may be enforced by and against executors and administrators of any deceased officer, director or agent.
History:L. 1947, ch. 102, 124; L. 1989, ch. 48, 53; L. 2015, ch. 38, 127; July 1.



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

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