10-629. Bonds pledgeable as a security for public deposits. Whenever any bond is authorized to be pledged as a security under K.S.A. 9-1402 et seq. or 75-4201 et seq., and amendments thereto, or under any other statute of this state, such bond shall be accepted as a security under such statute if: (a) In the case of a certificated bond, it is assigned, delivered or pledged to the holder of the deposit for security in accordance with the provisions of such statutes; (b) in the case of an uncertificated bond, registration of a pledge of the bond is authorized by the system and the pledge of the uncertificated bond is registered; or (c) in a form approved by the attorney general, which assures the availability of the bond proceeds pledged as a security for public deposits.
History: L. 1983, ch. 49, ยง 10; May 12.
Structure Kansas Statutes
Chapter 10 - Bonds And Warrants
Article 6 - Registration Of Bonds
10-601 Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
10-602 Assignments; release from registration.
10-603 Payment of bonds; deposit in bond services fee fund.
10-605 Negotiability of coupons.
10-607 Same; redemption of bonds.
10-622 Purpose of registration; federal requirement.
10-623 Systems of registration; approval by attorney general.
10-624 Uncertificated bonds; statement of rights; facsimile signatures.
10-626 Costs of system of registration; fees and charges.
10-628 State treasurer; municipal securities rulemaking board requirements.
10-629 Bonds pledgeable as a security for public deposits.
10-630 Registration records; exempt from public inspection.
10-632 Provisions to be construed with uniform commercial code and contract law.