2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 55 SAVINGS AND LOAN CODE; POWERS
17-5504 Appraisal and approval of real estate securing a loan.
17-5504. Appraisal and approval of real estate securing a loan. Real estate securing a proposed loan must be appraised and directors or a committee appointed by directors must approve all real-estate loans. No real-estate loans shall be made until a qualified person selected by the board of directors shall have submitted a signed appraisal of the real estate securing such loan, and until approved by the board of directors or a committee thereunto authorized by the board of directors.
History: L. 1943, ch. 133, § 82; July 1.
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