17-5426. Same; federal association converting to state association authorized to operate with guarantee stock, when.
17-5426
17-5426. Same; federal association converting to state association
authorized to operate with guarantee stock, when.
Any federal savings and loan association converting to a state chartered
association under the provisions of K.S.A. 17-5535 may, as an incident to
such conversion, upon filing of
proof with the commissioner that the provisions of the savings and loan
code, and acts amendatory thereof or supplemental thereto, have been met
in its plan of conversion, operate as a state chartered association with
guarantee stock.
History: L. 1955, ch. 141, § 8; June 30.