Kansas § 9-1910 Surrender control to commissioner

Kansas Statutes

§ 9-1910 — Surrender control to commissioner

Kansas § 9-1910

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 19BANKING CODE; DISSOLUTION; INSOLVENCY

This text of Kansas § 9-1910 (Surrender control to commissioner) 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. § 9-1910 (2026).

Text

Upon the affirmative vote of 2 / 3 of the outstanding voting stock, the shareholders of a bank or trust company may transfer all of the bank's or trust company's assets and property of whatever nature and any rights thereto to the possession and control of the commissioner and waive any right to the Kansas administrative procedure act, the Kansas judicial review act or any other lawful right to challenge the commissioner's authority without the execution of any instruments of assignment, endorsement, transfer or conveyance. Such action shall operate as a bar to any attachment proceedings.

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Upon the affirmative vote of 2 / 3 of the outstanding voting stock, the shareholders of a bank or trust company may transfer all of the bank's or trust company's assets and property of whatever nature and any rights thereto to the possession and control of the commissioner and waive any right to the Kansas administrative procedure act, the Kansas judicial review act or any other lawful right to challenge the commissioner's authority without the execution of any instruments of assignment, endorsement, transfer or conveyance. Such action shall operate as a bar to any attachment proceedings.