Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1902a
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; DISSOLUTION; INSOLVENCY
Tax Type:Privilege
Brief Description:Critical undercapitalization.
Keywords:


Body:

9-1902a.Critical undercapitalization.A bank or trust company is critically undercapitalized when the ratio of its capital to total assets is equal to or less than 2.0%. For the purposes of this section, capital shall be the total of the institution's common stock, surplus, undivided profits, capital reserves, noncumulative perpetual preferred stock and outstanding cumulative perpetual preferred stock, including related surplus, but intangibles, such as goodwill, shall not be included in the capital calculation.
History:L. 1993, ch. 7, 1; L. 2015, ch. 38, 118; July 1.



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

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