Kan. Stat. § 9-1902a

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 9-1902a - Critical undercapitalization

A bank or trust company is critically undercapitalized when the ratio of its capital to total assets is equal to or less than 2.0%. For the purposes of this section, capital shall be the total of the institution's common stock, surplus, undivided profits, capital reserves, noncumulative perpetual preferred stock and outstanding cumulative perpetual preferred stock, including related surplus, but intangibles, such as goodwill, shall not be included in the capital calculation.

K.S.A. 9-1902a

Amended by L. 2015, ch. 38,§ 118, eff. 7/1/2015.
L. 1993, ch. 7, § 1; March 18.