Kansas § 9-1902 Definition of insolvency

Kansas Statutes

§ 9-1902 — Definition of insolvency

Kansas § 9-1902

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 19BANKING CODE; DISSOLUTION; INSOLVENCY

This text of Kansas § 9-1902 (Definition of insolvency) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 9-1902 (2026).

Text

A bank or trust company shall be deemed to be insolvent when:

(a)The actual cash market value of a bank's or trust company's assets is insufficient to pay such bank's or trust company's creditor liabilities, except that for this purpose unconditional evidence of indebtedness of the United States of America may be valued, at the discretion of the commissioner, at par or cost whichever is the lesser; or (b) the bank or trust company is unable to meet the demands of its creditors in the usual and customary manner.

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A bank or trust company shall be deemed to be insolvent when: (a) The actual cash market value of a bank's or trust company's assets is insufficient to pay such bank's or trust company's creditor liabilities, except that for this purpose unconditional evidence of indebtedness of the United States of America may be valued, at the discretion of the commissioner, at par or cost whichever is the lesser; or (b) the bank or trust company is unable to meet the demands of its creditors in the usual and customary manner.