2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 53 SAVINGS AND LOAN CODE; MANAGEMENT
17-5326 Real estate to be carried at amount invested in same.
17-5326. Real estate to be carried at amount invested in same. An association shall not carry any real estate on its books at a sum in excess of the total amount invested by such association on account of such real estate, including advances, costs and improvements but excluding accrued but uncollected interest, nor in excess of the appraised value of such real estate plus the specific reserves set up to cover any loss thereon.
History: L. 1943, ch. 133, § 55; July 1.
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.
