Source: http://www.ksrevisor.org/statutes/chapters/ch09/009_009_0003.html
Timestamp: 2017-11-24 16:45:20
Document Index: 790337255

Matched Legal Cases: ['§ 16', '§ 8', '§ 1', '§ 17', '§ 11', '§ 34', '§ 17']

9-903. Transfer of stock; report to commissioner. (a) The shares of stock of any bank or trust company shall be deemed personal property and shall be transferred on the books of the bank or trust company in such manner as the bylaws thereof may direct.
(b) No transfer of stock shall be valid against the issuing bank or trust company so long as the registered owner thereof shall be liable as principal debtor, surety or otherwise to the bank or trust company on a matured, charged off or forgiven obligation. No dividend, interest or profit shall be paid on such stock so long as the registered owner thereof is indebted to the bank or trust company on a matured, charged off or forgiven obligation. All such dividends or profits shall be retained by the bank or trust company and applied to the discharge of any such obligations.
History: L. 1947, ch. 102, § 16; L. 1975, ch. 44, § 8; L. 1988, ch. 59, § 1; L. 1989, ch. 48, § 17; L. 1996, ch. 175, § 11; L. 2015, ch. 38, § 34; L. 2016, ch. 54, § 17; July 1.
2016 amendments contain no substantive change.