Kan. Admin. Regs. § 17-9-4

Current through Register Vol. 43, No. 49, December 5, 2024

Section 17-9-4 - Investment securities; amortization of premium

A bank shall not purchase an investment security for its own account at a price exceeding par unless the bank provides for the regular amortization of the premium paid in accordance with generally accepted accounting principles (GAAP).

Kan. Admin. Regs. § 17-9-4

Authorized by K.S.A. 9-1713; implementing K.S.A. 1995 Supp. 9-1101; effective Aug. 9, 1996.