2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 54 SAVINGS AND LOAN CODE; CAPITAL
17-5422 Same; minimum requirements.
17-5422. Same; minimum requirements. No association shall operate with guarantee stock unless its minimum initial guarantee stock capital subscribed for and paid in shall be at least twenty-five thousand dollars ($25,000) and at all times be at least one percent (1%) of the withdrawable share capital: Provided, That no association shall be required to have guarantee stock capital subscribed for and paid in exceeding two hundred fifty thousand dollars ($250,000) in amount.
History: L. 1955, ch. 141, § 4; L. 1961, ch. 125, § 1; July 1.
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