17-5405


Chapter 17.--CORPORATIONS


Article 54.--SAVINGS AND LOAN CODE; CAPITAL

     
17-5405.   Purchase of shares; signature card; certificate of ownership.
In connection with the purchase of shares every savings and loan
association shall obtain a card containing the signature of the owner of
such shares or his duly authorized representative and shall preserve such
signature card in the records of the association. Every savings and loan
association shall issue to each holder of its shares a certificate
evidencing the ownership and the interest of the holder thereof in the
capital of such savings and loan association, subject to its charter and
bylaws and to the laws of the state of Kansas.

     
History:   L. 1943, ch. 133, § 63; L. 1951, ch. 211, § 1; March 22.