9-804. Certificate of authority; examination.
9-804
9-804. Certificate of authority; examination.
When the capital of any bank or trust company shall have been paid in,
the president or
cashier shall transmit to the commissioner a verified statement
showing the names and addresses of all stockholders, the amount of stock
each subscribed, and the amount paid in by each. The commissioner shall
examine such bank or trust company and shall charge the statutory
examination fee and shall examine especially as to the amount
of money paid in for capital, surplus and undivided profits, by whom
paid, and the amount of capital stock owned in good faith by each
stockholder, and generally whether such bank or trust company has complied with the
provisions of law. If the commissioner finds from such examination
that the bank or trust company has been organized as provided by law, has complied
with the provisions of law and has secured the preliminary approval of
the commissioner as authorized by subsection (b) of K.S.A. 9-1801, and
amendments thereto, or the approval of the board, the commissioner shall
issue a certificate showing that such bank or trust company has been
organized and its capital paid in as required by law, and that it
is 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.