17-5630

Chapter 17.--CORPORATIONS
Article 56.--SAVINGS AND LOAN CODE; SUPERVISION

      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 associationincluding its rights, titles and interest in and to all property ofwhatsoever kind, whether real, personal or mixed, and things in action andevery right, privilege, interest and asset of any conceivable value, orbenefit, then existing or pertaining to it, or which would inure to it,shall immediately by act of law and without any conveyance or transfer andwithout any further act or deed, becomes vested in and continuesto be theproperty of the receiver of such association who shall have, hold and enjoythe same as receiver as fully and to the same extent as the same waspossessed, held and enjoyed by the association of which such personwas appointedreceiver. The receiver, upon written order of the commissioner, in accordancewith the provisions of K.S.A. 17-5225, and amendments thereto, may authorizethe operation of a home office or branch of another association at the officeor offices of the association for which the receiver was appointed.

      History:   L. 1943, ch. 133, § 183; L. 1983, ch. 85, § 2; April 14.