There Is a Newer Version of the Kansas Statutes
2012 Kansas Statutes
Chapter 9 BANKS AND BANKING; TRUST COMPANIES
Article 11 BANKING CODE; POWERS
Section 9-1109 Borrowing by liquidating bank or trust company.
KS Stat § 9-1109 (2012) What's This?
9-1109. Borrowing by liquidating bank or trust company. The board of directors of any bank or trust company in the process of voluntary liquidation may borrow a sum of money not in excess of an amount equal to one hundred percent of its total deposit liabilities and may pledge therefor its assets: Provided, That the commissioner first must approve any such transaction including the nature and amount of the security.
Disclaimer: These codes may not be the most recent version. Kansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
