9-806. Failure to engage in business; reapplication required. Any newly organized bank or trust company which did not begin business within 120 days after a certificate of authority has been issued to such bank or trust company by the commissioner shall not engage in the banking business or the business of a trust company without again obtaining a certificate of authority from the commissioner.
History: L. 1947, ch. 102, § 9; L. 2015, ch. 38, § 27; 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.