10-629.   Bonds pledgeable as a security for public deposits.Whenever any bond is authorized to be pledged as a securityunder K.S.A. 9-1402 et seq. or 75-4201 et seq., and amendments thereto,or under any other statute of this state, such bond shall be accepted asa security under suchstatute if (a) in the case of a certificated bond, it is assigned, deliveredor pledged to the holder of the deposit for security in accordance withthe provisions of such statutes; (b) in the case of an uncertificated bond,registration of a pledge of the bond is authorized by the system and thepledge of the uncertificated bond is registered; or (c) in a form approvedby the attorney general, which assures the availability of the bond proceedspledged as a security for public deposits.

      History:   L. 1983, ch. 49, § 10; May 12.