There is a newer version of the Kansas Statutes
2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 55 SAVINGS AND LOAN CODE; POWERS
17-5520 Directors, officers and employees purchases from or sales to association.
KS Stat § 17-5520 (2014) What's This?
17-5520. Directors, officers and employees purchases from or sales to association. No director, officer or employee of an association shall directly or indirectly or under any circumstances buy assets from or sell assets to the association unless expressly approved by the board of directors.
History: L. 1943, ch. 133, § 98; July 1.
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