2013 Kansas Statutes
Chapter 9 BANKS AND BANKING; TRUST COMPANIES
Article 8 BANKING CODE; ORGANIZATION
Section 9-802 Existence; transaction of business before authorization.
9-802. Existence; transaction of business before authorization. The existence of any bank or trust company as a corporation shall date from the filing of its articles of incorporation from which time it shall have and may exercise the incidental powers conferred by law upon corporations, except that no bank or trust company shall transact any business except the election of officers, the taking and approving of their official bonds, the receipts of payment upon stock subscriptions and other business incidental to its organization, until it has secured the approval of the board and the authorization of the commissioners to commence business.
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