Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

Previous
Statute Number:9-1301
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; DEPOSIT INSURANCE AND BONDS
Tax Type:Privilege
Brief Description:Deposit insurance; surety bond.
Keywords:


Body:

9-1301.Deposit insurance; surety bond.Every bank operating under the provisions of the state banking code and authorized to receive deposits of money shall insure the deposits of each depositor with the federal deposit insurance corporation, or its successor. State banks may purchase surety bond coverage for the purpose of insuring deposits in excess of the federal deposit insurance corporation's coverage limit.
History:L. 1947, ch. 102, 59; L. 1959, ch. 60, 1; L. 1975, ch. 45, 2; L. 1981, ch. 54, 1; L. 1981, ch. 324, 6; L. 1988, ch. 356, 38; L. 1989, ch. 48, 37; L. 2015, ch. 38, 75; July 1.



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

Previous