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2009 Kansas Code
Chapter 17 CORPORATIONS
Article 54 SAVINGS AND LOAN CODE; CAPITAL
17-5416. Redemption prohibited, when.

17-5416

Chapter 17.--CORPORATIONS
Article 54.--SAVINGS AND LOAN CODE; CAPITAL

      17-5416.   Redemption prohibited, when. No association shall redeem any of its shares when there is an impairment of capital or when it has applications for repurchase which have been on file more than thirty days and not reached for payment.

      History:   L. 1943, ch. 133, § 74; July 1.

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