17-2258. Insuring of guarantee fund. - Kansas Statutes

17-2258

Chapter 17.--CORPORATIONS Article 22.--CREDIT UNIONS

      17-2258.   Insuring of guarantee fund. A guarantee corporation may obtain such guarantees as it deems necessary for the reasonable protection of its guarantee fund and for the benefit of those credit union members whose shares are guaranteed by it. Such guarantees shall be with an insurance company authorized to do business in Kansas or with any other entity which may be approved by the administrator for the specific purpose of guaranteeing the funds of guarantee corporations.

      History:   L. 1975, ch. 136, § 17; L. 1981, ch. 103, § 8; July 1.