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Code · Kansas · Chapter 9 — Banks And Banking; Trust Companies

9-1921. Sale of bank's assets as part of liquidation.

63 words·~1 min read·/ks/chapter-9/9-1921

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

9-1921. Sale of bank's assets as part of liquidation. As part of the liquidation plan as approved by the commissioner, any bank, for the purpose of liquidation, may sell all or any part of the bank's assets to any other bank, either state or national, and may receive in payment cash or its equivalent, shares of stock in the purchasing bank, or both.
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