17-5229. Establishment of branch office in another state, when.

17-5229

Chapter 17.--CORPORATIONS
Article 52.--SAVINGS AND LOAN CODE; INCORPORATION AND ORGANIZATION

      17-5229.   Establishment of branch office in another state, when. Subject to such prohibitions, limitations and conditions as the state savings and loan commissioner may by regulation prescribe, any state chartered savings and loan association having its home office in this state may establish and operate a branch office in a state other than Kansas if the law of that state in which the branch is to be located permits the establishment and operation of such branch office by an association with its home office located in Kansas. Such regulations shall not exceed the authority granted to federally chartered savings and loan associations to operate a branch in a state other than Kansas.

      History:   L. 1987, ch. 83, § 1; April 23.