Kansas Statutes Annotated
Updated Through the 2016 Legislative Session

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Statute Number:9-1908
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; DISSOLUTION; INSOLVENCY
Tax Type:Privilege
Brief Description:Title to all assets to vest in insurance corporation.
Keywords:


Body:

9-1908.Title to all assets to vest in insurance corporation.Whenever the federal deposit insurance corporation, or any successor, shall accept the appointment as receiver for any bank the possession of and title to all of the assets, business and property of every kind of such bank shall pass to and vest in the federal deposit insurance corporation, or any successor, as receiver without the execution of any instruments of assignment, endorsement, transfer or conveyance.
History:L. 1947, ch. 102, 116; L. 1989, ch. 48, 51; L. 2015, ch. 38, 123; L. 2016, ch. 54, 56; July 1.



Date Composed: 11/10/2016 Date Modified: 11/14/2016

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