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2020 Kansas Statutes
Chapter 17 - Corporations
Article 23 - Development Credit Corporations; Housing Laws
17-2334 Same; restrictions on deposits.
Universal Citation: KS Stat § 17-2334 (2020)
17-2334. Same; restrictions on deposits.
Such corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated. Such corporation shall not receive money on deposit.
History: L. 1955, ch. 144, ยง 7; June 30.
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