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2017 Kansas Statutes
Chapter 9 BANKS AND BANKING; TRUST COMPANIES
Article 12 BANKING CODE; TRANSACTIONS
9-1214 Payment of drafts of failed or closed banks; release from liability.
Universal Citation: KS Stat § 9-1214 (2017)
9-1214. Payment of drafts of failed or closed banks; release from liability. Any drawee bank paying a draft under the circumstances set out in K.S.A. 9-1213, and amendments thereto, shall be released from any further liability thereon, and shall be fully protected and held harmless from any claim made by the receiver or other liquidating agent of the failed or closed drawer bank for sums representing payments made on the draft.
History: L. 1955, ch. 66, § 2; L. 2015, ch. 38, § 73; July 1.
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