Kan. Stat. § 9-1301

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 9-1301 - Deposit insurance; surety bond

Every bank operating under the provisions of the state banking code and authorized to receive deposits of money shall insure the deposits of each depositor with the federal deposit insurance corporation, or its successor. State banks may purchase surety bond coverage for the purpose of insuring deposits in excess of the federal deposit insurance corporation's coverage limit.

K.S.A. 9-1301

Amended by L. 2015, ch. 38,§ 75, eff. 7/1/2015.

L. 1947, ch. 102, § 59; L. 1959, ch. 60, § 1; L. 1975, ch. 45, § 2; L. 1981, ch. 54, § 1; L. 1981, ch. 324, § 6; L. 1988, ch. 356, § 38; L. 1989, ch. 48, § 37; July 1.