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17-5509

Chapter 17.--CORPORATIONS Article 55.--SAVINGS AND LOAN CODE; POWERS

17-5509. Association may accept assignment of life insurance on mortgagor; premium payments, addition to the unpaid balance of the loan. An association may accept assignments of life insurance as additional collateral upon any real-estate loan. In such event, the association may advance premiums on such policy and such premium advances shall be added to the unpaid balance of the loan and shall be equally secured by the first lien on the property.

History: L. 1943, ch. 133, § 87; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter17 > Article55 > Statutes_8124

17-5509

Chapter 17.--CORPORATIONS Article 55.--SAVINGS AND LOAN CODE; POWERS

17-5509. Association may accept assignment of life insurance on mortgagor; premium payments, addition to the unpaid balance of the loan. An association may accept assignments of life insurance as additional collateral upon any real-estate loan. In such event, the association may advance premiums on such policy and such premium advances shall be added to the unpaid balance of the loan and shall be equally secured by the first lien on the property.

History: L. 1943, ch. 133, § 87; July 1.

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State Codes and Statutes

Statutes > Kansas > Chapter17 > Article55 > Statutes_8124

17-5509

Chapter 17.--CORPORATIONS Article 55.--SAVINGS AND LOAN CODE; POWERS

17-5509. Association may accept assignment of life insurance on mortgagor; premium payments, addition to the unpaid balance of the loan. An association may accept assignments of life insurance as additional collateral upon any real-estate loan. In such event, the association may advance premiums on such policy and such premium advances shall be added to the unpaid balance of the loan and shall be equally secured by the first lien on the property.

History: L. 1943, ch. 133, § 87; July 1.