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Code · Kansas · Chapter 17 — Corporations

17-2334. Restrictions on deposits.

61 words·~1 min read·/ks/chapter-17/17-2334

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17-2334. Restrictions on deposits. Such corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated. Such corporation shall not receive money on deposit.
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