2012 Kansas Statutes
Chapter 9 BANKS AND BANKING; TRUST COMPANIES
Article 9 BANKING CODE; CAPITAL STOCK AND STRUCTURE
Section 9-912 Surplus account; stock dividends from reduction.
9-912. Surplus account; stock dividends from reduction. Any losses sustained by a bank or trust company in excess of its undivided profits may be charged to its surplus fund. Any bank or trust company, after receiving approval from the commissioner, may declare a stock dividend from its surplus fund, but no such dividend shall reduce the surplus fund to an amount less than 30% of the resulting total capital and any bank or trust company may reduce its surplus with permission of the state bank commissioner.
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