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2017 Kansas Statutes
Chapter 9 BANKS AND BANKING; TRUST COMPANIES
Article 19 BANKING CODE; DISSOLUTION; INSOLVENCY
9-1908 Title to all assets to vest in insurance corporation.
Universal Citation: KS Stat § 9-1908 (2017)
9-1908. Title to all assets to vest in insurance corporation. Whenever the federal deposit insurance corporation, or any successor, shall accept the appointment as receiver for any bank the possession of and title to all of the assets, business and property of every kind of such bank shall pass to and vest in the federal deposit insurance corporation, or any successor, as receiver without the execution of any instruments of assignment, endorsement, transfer or conveyance.
History: L. 1947, ch. 102, § 116; L. 1989, ch. 48, § 51; L. 2015, ch. 38, § 123; L. 2016, ch. 54, § 56; July 1.
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