9-1214. Payment of drafts of failed or closed banks; release from liability.
72 words·~1 min read·
/ks/chapter-9/9-1214A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9-1214. Payment of drafts of failed or closed banks; release from liability. Any drawee bank paying a draft under the circumstances set out in K.S.A. 9-1213 , and amendments thereto, shall be released from any further liability thereon, and shall be fully protected and held harmless from any claim made by the receiver or other liquidating agent of the failed or closed drawer bank for sums representing payments made on the draft.