17-5429.   Time deposit accounts in negotiable form; issuance withoutrecording ownership.Subject to such prohibitions, limitations and conditions asthe state savings and loan commissioner may prescribe by rules andregulations, any state chartered savings and loan association having itsprincipal office in this state, which is a member of a federal home loanbank, may issue time deposit accounts in negotiable form withoutrecording ownership on the books of the association to the same extent itcould if it were operating as a federal savings and loan association,notwithstanding, restrictions contained in articles 51 through 58 of chapter17 of the Kansas Statutes Annotated.

      History:   L. 1987, ch. 82, § 1; July 1.