Kansas § 9-912 Surplus account; stock dividends from reduction

Kansas Statutes

§ 9-912 — Surplus account; stock dividends from reduction

Kansas § 9-912

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 9BANKING CODE; CAPITAL STOCK AND STRUCTURE

This text of Kansas § 9-912 (Surplus account; stock dividends from reduction) 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. § 9-912 (2026).

Text

(a)Any losses sustained by a bank or trust company in excess of its undivided profits may be charged to its surplus fund.

(b)Any stock bank or trust company, after receiving approval from the commissioner, may declare a stock dividend from its surplus fund, but no dividend shall reduce the surplus fund to an amount less than 30% of the resulting total capital.

(c)Any bank or trust company may reduce its surplus account with permission of the commissioner.

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(a) Any losses sustained by a bank or trust company in excess of its undivided profits may be charged to its surplus fund.
(b) Any stock bank or trust company, after receiving approval from the commissioner, may declare a stock dividend from its surplus fund, but no dividend shall reduce the surplus fund to an amount less than 30% of the resulting total capital.
(c) Any bank or trust company may reduce its surplus account with permission of the commissioner.