2006 Kansas Code - 17-2257

      17-2257.   Records; examination by commissioner; preservation. (a) Every guarantee corporation shall maintain records of its transactions, and such records shall be open to examination and investigation by the administrator. The guarantee corporation shall bear the expense of such examination and investigation.

      (b)   The administrator at any time may require any guarantee corporation to bring such records as the administrator may direct to the credit union department for examination.

      (c)   Every guarantee corporation shall preserve its records of contract transactions for at least five years after making the final entry in any such record. The preservation of records in photographic form shall constitute compliance with the requirement of this subsection.

      History:   L. 1975, ch. 136, § 16; L. 1981, ch. 103, § 7; July 1.