§ 9-1901 Dissolution
§ 9-1902 Definition of insolvency
§ 9-1902a Critical undercapitalization
§ 9-1903 Undercapitalized and insolvent banks and trust companies; commissioner to take charge, when
§ 9-1905 Receiver for insolvent and undercapitalized bank or trust company
§ 9-1906 Receiver to take charge of assets; order of payment
§ 9-1907 Powers of federal deposit insurance corporation or its successor
§ 9-1908 Title to all assets to vest in insurance corporation
§ 9-1909 Claims to be filed within one year
§ 9-1910 Surrender control to commissioner
§ 9-1911 Receiver may borrow money
§ 9-1915 Deposits or debts while insolvent; liability
§ 9-1916 Same; action to enforce liability; evidence
§ 9-1917 Undelivered funds due creditors, depositors and shareholders of defunct bank or trust company; duties of commissioner and state treasurer; undistributed assets of defunct institutions fund
§ 9-1918 Escheat and disposition of certain property in custody of commissioner; escheat
§ 9-1919 Voluntary liquidation
§ 9-1920 Borrowing by liquidating bank
§ 9-1921 Sale of bank’s assets as part of liquidation

Terms Used In Kansas Statutes > Chapter 9 > Article 19 - Banking Code; Dissolution; Insolvency

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • 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.
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Property: includes personal and real property. See Kansas Statutes 77-201
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
  • Statute: A law passed by a legislature.