Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1214
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; TRANSACTIONS
Tax Type:Privilege
Brief Description:Payment of drafts of failed or closed banks; release from
liability.
Keywords:


Body:

9-1214.Payment of drafts of failed or closed banks; release from liability.Any drawee bank paying a draft under the circumstances set out in K.S.A.9-1213, and amendments thereto, shall be released from any further liability thereon, and shall be fully protected and held harmless from any claim made by the receiver or other liquidating agent of the failed or closed drawer bank for sums representing payments made on the draft.
History:L. 1955, ch. 66, 2; L. 2015, ch. 38, 73; July 1.



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

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