Powers of federal deposit insurance corporation or its successor

K.S.A. 9-1907, under BANKING CODE; DISSOLUTION; INSOLVENCY.

K.S.A. 9-1907

9-1907. Powers of federal deposit insurance corporation or its successor. The federal deposit insurance corporation or any successor, hereby is authorized and empowered to be and act without bond as receiver of any bank, the deposits in which are to any extent insured by such corporation. If the federal deposit insurance corporation, or any successor, accepts the appointment, then the federal deposit insurance corporation, or any successor, shall succeed to all the rights, titles, powers and privileges of the bank and of any stockholder, member, account holder, depositor, officer or director of the bank with respect to the bank. History: L. 1947, ch. 102, § 115; L. 1989, ch. 48, § 50; L. 1993, ch. 7, § 7; L. 2015, ch. 38, § 122; L. 2016, ch. 54, § 55; July 1. Source or prior law: 9-602. Attorney General's Opinions: Definitions; supervised lender; supervised financial organization. 84-11. Dissolution; insolvency; powers of federal deposit insurance corporation. 85-144. Liability of FDIC for personal property taxes owed at time state bank failed. 86-67. Authority of FDIC as receiver of a failed bank. 86-80. Powers; K.S.A. 9-525 and 9-526. 86-134. Insolvency — receiver to take charge of assets; order of payment. 88-163.