17-5405. Purchase of shares; signature card; certificate of ownership. - Kansas Statutes

17-5405

Chapter 17.--CORPORATIONS Article 54.--SAVINGS AND LOAN CODE; CAPITAL

      17-5405.   Purchase of shares; signature card; certificate of ownership. In connection with the purchase of shares every savings and loan association shall obtain a card containing the signature of the owner of such shares or his duly authorized representative and shall preserve such signature card in the records of the association. Every savings and loan association shall issue to each holder of its shares a certificate evidencing the ownership and the interest of the holder thereof in the capital of such savings and loan association, subject to its charter and bylaws and to the laws of the state of Kansas.

      History:   L. 1943, ch. 133, § 63; L. 1951, ch. 211, § 1; March 22.