17-2262 Severability.
17-2262. Severability. If any word, phrase, sentence or provision of this act is determined to be invalid, such invalidity shall not affect the other provisions of this act, and they shall be given effect without the invalid provision, and to this end the provisions of this act are declared to be severable. History: L. 1975, […]
17-2263 Contracts for payment of members’ accounts to beneficiaries upon members’ deaths; rights of member during lifetime; change of beneficiary.
17-2263. Contracts for payment of members’ accounts to beneficiaries upon members’ deaths; rights of member during lifetime; change of beneficiary. (a) Subject to the provisions of this section and K.S.A. 17-2264, and amendments thereto, an individual adult or minor, hereafter referred to as the member, may enter into a written contract with any credit union […]
17-2264 Same; duties of credit union; release and discharge thereof.
17-2264. Same; duties of credit union; release and discharge thereof. When the shareholder and the credit union have entered into a contract authorized in K.S.A. 17-2263, and amendments thereto, the shareholder’s account subject to the contract or any part of or interest on the account shall be paid by the credit union to the shareholder […]
17-2268 Personal liability of officers and directors, exceptions.
17-2268. Personal liability of officers and directors, exceptions. Except for persons who are executive officers, an officer or director of a credit union shall have no personal liability to the credit union or its members for monetary damages for breach of duty as an officer or director, except that such liability shall not be eliminated […]
17-2269 Citation.
17-2269. Citation. Article 22 of chapter 17 of the Kansas Statutes Annotated, and amendments thereto, shall be known and may be cited as the state credit union code. History: L. 2019, ch. 22, § 1; July 1.
17-2243 Invalidity of part.
17-2243. Invalidity of part. If any provision of this act or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of the act which can be given effect without the invalid provision or application, and to this end the provisions of this act are […]
17-2244 Authority to operate in same activities as other federally insured credit unions; powers of administrator; report to legislature.
17-2244. Authority to operate in same activities as other federally insured credit unions; powers of administrator; report to legislature. (a) In addition to any and all other powers granted to the credit union administrator, the administrator shall have the power to authorize any credit union to engage in any activity in which such credit union […]
17-2245 Credit union may participate in loan with another credit union, financial organization or national cooperative bank.
17-2245. Credit union may participate in loan with another credit union, financial organization or national cooperative bank. (a) A credit union may agree to participate in the risk liability and income of loans to credit union members jointly with other credit unions, credit union organizations, financial institutions or financial organizations. Such participation loans shall be […]
17-2246 Share insurance required.
17-2246. Share insurance required. (a) (1) Every credit union which is organized and operating under the laws of the state of Kansas, except a corporate credit union, shall insure the shares of each shareholder of such credit union. (2) Every credit union shall insure the shares of each shareholder of such credit union with the […]
17-2260 Rules and regulations.
17-2260. Rules and regulations. The administrator may adopt rules and regulations to implement any of the provisions of this act. History: L. 1975, ch. 136, § 19; L. 1981, ch. 103, § 10; July 1.