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 anindependent appraisal, may order that assets in the aggregate, to theextent that such assets have depreciated in value, be charged off, or thata special reserve or reserves equal to such depreciation in value be set upby transfers from undivided profits. Any association may appeal from suchorder under this section to the savings and loan board in the mannerprovided by K.S.A. 17-5606 and acts amendatory thereof.

      History:   L. 1943, ch. 133, § 53; L. 1972, ch. 67, §1; July 1.