9-1907.   Powers of federal deposit insurance corporation or itssuccessor.The federal deposit insurance corporation or its successor, hereby isauthorized and empowered to be and act without bond as receiver orliquidator of any insolvent or critically undercapitalized bank, thedeposits in whichare to any extent insured by such corporation, and which bank shall havebeen closed. In the event of any such closing of anybank the commissioner may tender to the insurancecorporation the appointment as receiver or liquidator of such bank, and ifthe insurance corporation accepts the appointment thensuch insurance corporation shall have and possess all the powers andprivileges and shall assume all the duties and requirements provided by thelaws of this state with respect to a state receiver or liquidator,respectively, of a bank, its depositors and other creditors, and shall besubject to the jurisdiction of the district courts and supreme court of Kansas.

      History:   L. 1947, ch. 102, § 115; L. 1989, ch. 48, § 50;L. 1993, ch. 7, § 7; March 18.