17-2223. Incorporation in this state of federal credit union or credit union organized in another state; procedure; name; effect of granting charter.
17-2223
17-2223. Incorporation in this state of federal credit union or
credit union organized in another state; procedure; name; effect of
granting charter.
Any credit union organized under the laws of any other state or the
government of the United States may apply for articles of incorporation
under K.S.A. 17-2201, and acts
amendatory thereof and supplemental thereto by any seven persons who are
members of said credit union and who are residents of the state of
Kansas taking the steps provided for under said section. Upon
application duly made as provided under said section, said credit union
may be granted a charter under the laws of this state subject to
revocation in event proper steps are not timely taken to surrender the
charter of the other jurisdiction. The name of the credit union may be
changed to comply with law. The granting of a corporate charter to such
credit union shall be for all purposes a continuation of the same credit
union except under a different name and a changed jurisdiction. A formal
transfer of assets and liabilities shall be unnecessary but shall follow
as a matter of law upon the compliance with this section.
History: L. 1961, ch. 120, § 2; June 30.