17-5520. Directors, officers and employees purchases from or sales to association. - Kansas Statutes

17-5520

Chapter 17.--CORPORATIONS Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5520.   Directors, officers and employees purchases from or sales to association. No director, officer or employee of an association shall directly or indirectly or under any circumstances buy assets from or sell assets to the association unless expressly approved by the board of directors.

      History:   L. 1943, ch. 133, § 98; July 1.