2014 Kansas Statutes
Chapter 17 CORPORATIONS
Article 56 SAVINGS AND LOAN CODE; SUPERVISION
17-5607 Approval of petition for certificate of incorporation; hearing.
17-5607. Approval of petition for certificate of incorporation; hearing. Upon the receipt by the commissioner of a petition for a certificate of incorporation signed and acknowledged as provided in this act accompanied by the incorporation fee, the commissioner shall immediately inquire into the advisability of issuing a certificate of approval of the incorporation of such association and shall thereupon recommend to the board the approval or disapproval of the incorporation. The commissioner shall immediately forward such commissioner's recommendations regarding the incorporation, with the reasons therefor, to the board and such commissioner's records shall be available to the board at all times. The board shall conduct a hearing on the petition in accordance with the provisions of the Kansas administrative procedure act and shall approve or disapprove the incorporation. If the board approves the incorporation the commissioner shall issue a certificate of approval substantially in the form provided in this act.
History: L. 1943, ch. 133, § 160; L. 1988, ch. 356, § 60; July 1, 1989.
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