9-1907. Powers of federal deposit insurance corporation or its successor.
9-1907
9-1907. Powers of federal deposit insurance corporation or its
successor.
The federal deposit insurance corporation or its successor, hereby is
authorized and empowered to be and act without bond as receiver or
liquidator of any insolvent or critically undercapitalized bank, the
deposits in which
are to any extent insured by such corporation, and which bank shall have
been closed. In the event of any such closing of any
bank the commissioner may tender to the insurance
corporation the appointment as receiver or liquidator of such bank, and if
the insurance corporation accepts the appointment then
such insurance corporation shall have and possess all the powers and
privileges and shall assume all the duties and requirements provided by the
laws of this state with respect to a state receiver or liquidator,
respectively, of a bank, its depositors and other creditors, and shall be
subject 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.