17-5429. Time deposit accounts in negotiable form; issuance without recording ownership.
17-5429
17-5429. Time deposit accounts in negotiable form; issuance without
recording ownership.
Subject to such prohibitions, limitations and conditions as
the state savings and loan commissioner may prescribe by rules and
regulations, any state chartered savings and loan association having its
principal office in this state, which is a member of a federal home loan
bank, may issue time deposit accounts in negotiable form without
recording ownership on the books of the association to the same extent it
could if it were operating as a federal savings and loan association,
notwithstanding, restrictions contained in articles 51 through 58 of chapter
17 of the Kansas Statutes Annotated.
History: L. 1987, ch. 82, § 1; July 1.