9-1908. Title to all assets to vest in insurance corporation. Whenever the federal deposit insurance corporation, or any successor, shall accept the appointment as receiver for any bank the possession of and title to all of the assets, business and property of every kind of such bank shall pass to and vest in the federal deposit insurance corporation, or any successor, as receiver without the execution of any instruments of assignment, endorsement, transfer or conveyance.
History: L. 1947, ch. 102, § 116; L. 1989, ch. 48, § 51; L. 2015, ch. 38, § 123; L. 2016, ch. 54, § 56; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 19 - Banking Code; Dissolution; Insolvency
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.
9-1918 Escheat and disposition of certain property in custody of commissioner; escheat.