Statutes > Kansas Statutes > Chapter 9 BANKS AND BANKING; TRUST COMPANIES > Article 8 BANKING CODE; ORGANIZATION > 9-806. Failure to engage in business.

9-806. Failure to engage in business.

9-806

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES
Article 8.--BANKING CODE; ORGANIZATION

      9-806.   Failure to engage in business. Any newly organized bank or trust company which shall not begin business within one hundred and twenty days after a certificate has been issued to it by the commissioner shall not engage in the banking business or the business of a trust company without again obtaining a certificate of authority from the commissioner.

      History:   L. 1947, ch. 102, § 9; June 30.