17-5825.Same; notice of noninsurance required; extension of time
for compliance; form of notice.
From and after January 1, 1976, every savings and loan association
organized and operating under the laws of the state of Kansas, having
accounts or deposits which are not insured shall include notice that its
accounts or deposits are not insured in every advertisement,
announcement or solicitation for savings accounts or deposits,
advertisements of the rate of interest paid upon its savings accounts or
deposits, and all certificates of deposit, pass books and signature
cards. The savings and loan commissioner may grant a reasonable
extension of time to a savings and loan association for compliance with
the requirements of this section when, in the opinion of said
commissioner, such association is making every reasonable effort to
obtain any insurance authorized by this act upon its shares or deposits.
For the purposes of this section, the term "insured" shall mean insured
in the manner provided for in K.S.A. 17-5824. Such notice
shall be given in the following manner:
(a) In every printed presentation, a clear and conspicuous statement
of such fact shall be prominently displayed in a manner prescribed by
rules and regulations of the savings and loan commissioner.
(b) In every video or audio presentation, a clear explanation of
such fact shall be given in a manner prescribed by rules and regulations
of the savings and loan commissioner.
(c) At the time it accepts any new account or deposit, such
association shall provide the person opening such account or deposit
with a separate written statement that such account or deposit is not
insured.
17-5825.Same; notice of noninsurance required; extension of time
for compliance; form of notice.
From and after January 1, 1976, every savings and loan association
organized and operating under the laws of the state of Kansas, having
accounts or deposits which are not insured shall include notice that its
accounts or deposits are not insured in every advertisement,
announcement or solicitation for savings accounts or deposits,
advertisements of the rate of interest paid upon its savings accounts or
deposits, and all certificates of deposit, pass books and signature
cards. The savings and loan commissioner may grant a reasonable
extension of time to a savings and loan association for compliance with
the requirements of this section when, in the opinion of said
commissioner, such association is making every reasonable effort to
obtain any insurance authorized by this act upon its shares or deposits.
For the purposes of this section, the term "insured" shall mean insured
in the manner provided for in K.S.A. 17-5824. Such notice
shall be given in the following manner:
(a) In every printed presentation, a clear and conspicuous statement
of such fact shall be prominently displayed in a manner prescribed by
rules and regulations of the savings and loan commissioner.
(b) In every video or audio presentation, a clear explanation of
such fact shall be given in a manner prescribed by rules and regulations
of the savings and loan commissioner.
(c) At the time it accepts any new account or deposit, such
association shall provide the person opening such account or deposit
with a separate written statement that such account or deposit is not
insured.
17-5825.Same; notice of noninsurance required; extension of time
for compliance; form of notice.
From and after January 1, 1976, every savings and loan association
organized and operating under the laws of the state of Kansas, having
accounts or deposits which are not insured shall include notice that its
accounts or deposits are not insured in every advertisement,
announcement or solicitation for savings accounts or deposits,
advertisements of the rate of interest paid upon its savings accounts or
deposits, and all certificates of deposit, pass books and signature
cards. The savings and loan commissioner may grant a reasonable
extension of time to a savings and loan association for compliance with
the requirements of this section when, in the opinion of said
commissioner, such association is making every reasonable effort to
obtain any insurance authorized by this act upon its shares or deposits.
For the purposes of this section, the term "insured" shall mean insured
in the manner provided for in K.S.A. 17-5824. Such notice
shall be given in the following manner:
(a) In every printed presentation, a clear and conspicuous statement
of such fact shall be prominently displayed in a manner prescribed by
rules and regulations of the savings and loan commissioner.
(b) In every video or audio presentation, a clear explanation of
such fact shall be given in a manner prescribed by rules and regulations
of the savings and loan commissioner.
(c) At the time it accepts any new account or deposit, such
association shall provide the person opening such account or deposit
with a separate written statement that such account or deposit is not
insured.