9-804.   Certificate of authority; examination.When the capital of any bank or trust company shall have been paid in,the president orcashier shall transmit to the commissioner a verified statementshowing the names and addresses of all stockholders, the amount of stockeach subscribed, and the amount paid in by each. The commissioner shallexamine such bank or trust company and shall charge the statutoryexamination fee and shall examine especially as to the amountof money paid in for capital, surplus and undivided profits, by whompaid, and the amount of capital stock owned in good faith by eachstockholder, and generally whether such bank or trust company has complied with theprovisions of law. If the commissioner finds from such examinationthat the bank or trust company has been organized as provided by law, has compliedwith the provisions of law and has secured the preliminary approval ofthe commissioner as authorized by subsection (b) of K.S.A. 9-1801, andamendments thereto, or the approval of the board, the commissioner shallissue a certificate showing that such bank or trust company has beenorganized and its capital paid in as required by law, and that itis authorized to transact a general banking or trust business as provided by law.

      History:   L. 1947, ch. 102, § 7; L. 1977, ch. 45, § 2;L. 1989, ch. 48, § 14; July 1.