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2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 53 SAVINGS AND LOAN CODE; MANAGEMENT
17-5325 Bonds and other obligations to be carried at actual cost; exception.

KS Stat § 17-5325 (2014) What's This?

17-5325. Bonds and other obligations to be carried at actual cost; exception. The bonds or other interest-bearing obligations purchased by an association shall not be carried on its books at more than the actual cost thereof: Provided, however, Obligations of, or guaranteed as to principal and interest by, the United States government may be carried on the books at redemption values.

History: L. 1943, ch. 133, § 54; July 1.

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