GroundRules
K.S.A. 9-1921: Sale of bank's assets as part of liquidation.
Where this section sits in the code
- Chapter 9.—BANKS AND BANKING; TRUST COMPANIES
- Article 19.—BANKING CODE; DISSOLUTION; INSOLVENCY
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.
Collected 2026-09-04T15:10:05Z. Source file · JSON