Kansas Statutes 17-10a06. Insurance of shares with federal savings and loan insurance corporation
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Terms Used In Kansas Statutes 17-10a06
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Any building and loan association is hereby empowered and authorized to do all things necessary to obtain, continue, pay for and terminate insurance of its shares with the federal savings and loan insurance corporation as provided by title IV* of the national housing act.