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2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 54 SAVINGS AND LOAN CODE; CAPITAL
17-5410 Bonus and other reserve accounts.

KS Stat § 17-5410 (2014) What's This?

17-5410. Bonus and other reserve accounts. With the approval of the commissioner, the board of directors may make additional transfers to other reserve accounts. If an association adopts a bonus plan or plans, it shall maintain a bonus reserve in such manner and in such amount as the commissioner shall require.

History: L. 1943, ch. 133, § 68; July 1.

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