9-803. Renewal and extension of corporation; lapse in authority or existence. (a) Any bank or trust company with articles of incorporation that have lapsed, or hereafter shall lapse, may renew and extend the bank's corporate existence or the trust company's corporate existence in the manner provided by law and upon payment of the requisite fees.
(b) The acts of any bank or trust company with articles of incorporation that have lapsed or terminated by the expiration of time and such bank's or trust company's corporate existence is renewed and extended are hereby legalized and declared to be valid in the same manner and to the same effect as though the banks and trust companies had been duly authorized at all times since their organization.
History: L. 1947, ch. 102, § 6; L. 2015, ch. 38, § 25; L. 2016, ch. 54, § 6; L. 2021, ch. 78, § 1; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 8 - Banking Code; Organization
9-801 Incorporation; application; criteria for approval of application.
9-802 Date of existence; transaction of business before authorization.
9-803 Renewal and extension of corporation; lapse in authority or existence.
9-804 Certificate of authority; examination; issuance.
9-806 Failure to engage in business; reapplication required.
9-809 Stockholder vote for conversion to national bank; copy of application to commissioner.
9-811 Prohibition against nonbank banks; exceptions.
9-812 Bank change of name; approval required.
9-814 Change of place of business; application and approval process.
9-815 Expenses of examination or investigation; payment; disposition of moneys received.