17-10a05. Same; vesting of title to property; past obligations. When such conversion becomes effective as hereinbefore provided, all the property of such association, both real and personal, shall immediately by operation of law and without conveyance or transfer of any kind or character, be vested in such converted association: Provided, however, That such converted association shall continue responsible for all of the obligations of the association prior to the conversion.
History: L. 1935, ch. 134, ยง 2; May 15.
Structure Kansas Statutes
Article 10a - Federal Home Loan Bank Members; Savings And Loan Associations
17-10a02 Powers of members or borrowers.
17-10a03 Laws applicable upon ceasing to be a member.
17-10a05 Same; vesting of title to property; past obligations.
17-10a06 Insurance of shares with federal savings and loan insurance corporation.
17-10a07 Same; ratification of prior actions.
17-10a08 Rights and privileges granted to federal savings and loan associations.