17-5102. Same; additional terms. - Kansas Statutes

17-5102

Chapter 17.--CORPORATIONS Article 51.--SAVINGS AND LOAN CODE; DEFINITIONS

      17-5102.   Same; additional terms. The following words used in articles 51 to 58, inclusive, of chapter 17 of Kansas Statutes Annotated, and acts amendatory thereof are defined as follows: (a) A "branch office" of an association shall mean a place of business of the association, other than the home office authorized by the board of directors of the association and approved by the savings and loan board. Any business which may be transacted at the home office of the association, may be transacted at any branch office.

      (b)   The "home office" of an association shall mean a place of business of the association other than the branch authorized by the board of directors of the association and approved by the savings and loan board. At such home office of the association, any and all business authorized by law may be transacted. All branch offices shall be subject to direction from the home office.

      History:   L. 1971, ch. 81, § 6; July 1.