17-5324. Charging off or setting up reserves against bad assets; appeal from commissioner's order.
17-5324
17-5324. Charging off or setting up reserves against bad assets;
appeal from commissioner's order.
The commissioner, after a determination of value based upon an
independent appraisal, may order that assets in the aggregate, to the
extent that such assets have depreciated in value, be charged off, or that
a special reserve or reserves equal to such depreciation in value be set up
by transfers from undivided profits. Any association may appeal from such
order under this section to the savings and loan board in the manner
provided by K.S.A. 17-5606 and acts amendatory thereof.
History: L. 1943, ch. 133, § 53; L. 1972, ch. 67, §
1; July 1.