9-801. Articles of incorporation, contents; requirements prior to filing; name of bank or trust company.
9-801
9-801. Articles of incorporation, contents; requirements prior to filing;
name of bank or trust company.
Any five or more persons may organize a bank or trust company and make and file
articles of incorporation as provided by the laws of the state of
Kansas. Except as otherwise provided in subsection (b) of K.S.A. 9-1801,
and amendments thereto, no banking corporation or trust company shall be organized or
incorporated to engage in business as such until the articles of
incorporation have been submitted to and have been approved
by the board. The name selected for the bank or trust company shall not be the name of
any other bank or trust company doing business in the same city or town, and the name
shall be accepted or rejected by the board. The articles of
incorporation in addition to the information as now is required by law
shall contain the names and addresses of its stockholders, the amount of
common stock subscribed by each and the articles of incorporation may
contain such other provisions as are consistent with law. The
articles of incorporation shall be subscribed by at least five of
the stockholders of the proposed bank or trust company or the parent company of such
proposed bank or trust company who are residents of the state of
Kansas, and shall be acknowledged by them. The full amount of the
common stock including the surplus and undivided profits as required by
this act shall be subscribed before the articles of incorporation are
filed.
History: L. 1947, ch. 102, § 4; L. 1975, ch. 44, § 5; L. 1977,
ch. 45, § 1; L. 1985, ch. 56, § 1; L. 1989, ch. 48, § 12; July 1.