17-5630. Same; assumption of rights, title and interests by receiver; operation of home office or branch by another association.
17-5630
17-5630. Same; assumption of rights, title and interests by receiver;
operation of home office or branch by another association.
Upon such recordation of such order all the property of the association
including its rights, titles and interest in and to all property of
whatsoever kind, whether real, personal or mixed, and things in action and
every right, privilege, interest and asset of any conceivable value, or
benefit, then existing or pertaining to it, or which would inure to it,
shall immediately by act of law and without any conveyance or transfer and
without any further act or deed, becomes vested in and continues
to be the
property of the receiver of such association who shall have, hold and enjoy
the same as receiver as fully and to the same extent as the same was
possessed, held and enjoyed by the association of which such person
was appointed
receiver. The receiver, upon written order of the commissioner, in accordance
with the provisions of K.S.A. 17-5225, and amendments thereto, may authorize
the operation of a home office or branch of another association at the office
or offices of the association for which the receiver was appointed.
History: L. 1943, ch. 133, § 183; L. 1983, ch. 85, § 2; April 14.