9-1213.   Payment of certain drafts of failed or closed banks.If any bank shall be presented in the usual course of business with adraft drawn on it by any bank in the state of Kansas, after said drawerbank has failed or been closed for business by law or by other proper legalaction, which said draft was issued prior to the failure or closing of saidbank and has on deposit to the credit of said failed or closed banksufficient funds with which to pay said draft, said bank shall, uponreceiving proof that said draft represents payment of cash letters coveringchecks which had been charged to the individual accounts of the said failedor closed bank prior to the failure or closing of said bank, honor and paysaid draft regardless of its having received notice, constructive orotherwise, of the failure or closing of such bank.

      History:   L. 1955, ch. 66, § 1; June 30.