Kan. Stat. § 9-1920

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 9-1920 - Borrowing by liquidating bank

Upon the approval of the commissioner, the board of directors of any bank in the process of voluntary liquidation may borrow an amount not in excess of 100% of the bank's total deposit liabilities and may pledge the bank's assets.

K.S.A. 9-1920

Added by L. 2015, ch. 38,§ 6, eff. 7/1/2015.