9-2003.   Statement of resources and liabilities; examination;certificate of authority; penalty.It shall be unlawful to transact a banking business or trust business,without having first transmitted to the bank commissioner a verifiedstatement of the resources and liabilities of such corporation. Suchstatement shall be made in accordance with K.S.A. 9-804 and 9-1704, andamendments thereto.

      The bank commissioner shall have power to examine the condition andaffairs of such bank or trust company and within 30 days from the receiptof such statement, shall make such examination. If such bank or trust company has inall respects complied with the provisions of law applicable thereto,the commissioner shall issue a certificate showing the amount ofcapital paid in and that the same is authorized to transact a generalbanking or trust business, as provided by this act. It shall beunlawful to transact a banking or trust business withouthaving first received such certificate from the bank commissioner.

      Any person violating the provisions of this section, either individuallyor as an interested party in any association or corporation, shall beguilty of a misdemeanor, and on conviction shall be fined in a sumnot less than $300 nor more than $1,000, or by imprisonment not less than30 days nor more than one year, or by both such fine and imprisonment.

      History:   L. 1947, ch. 102, § 127; L. 1989, ch. 48, § 56; July 1.