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Can you summarize KSST Chapter 17, Article 22?
CORPORATIONS > CREDIT UNIONS
Short Summary
The provided legal document content covers a wide range of topics related to credit unions in Kansas. It includes information on the powers and lending activities of credit unions, the requirements for membership and the issuance of shares, the establishment and operation of branches, the duties and responsibilities of the board of directors and committees, the supervision and powers of the credit union administrator, the organization and dissolution of credit unions, the disclosure and confidentiality of information, the insurance of shares, the participation in loans, the borrowing and investment powers of credit unions, and the requirements for amending the bylaws and charter. The documents also address the expulsion and withdrawal of members, the duties of the supervisory committee, the reserve income and reserve fund, the loans to directors and committee members, the limitations and regulations on loans to members, the borrowing powers of credit unions, the fields of membership, the investments and limitations, the use of the name ‘credit union’, and the amendment of bylaws and charter. Overall, these documents provide a comprehensive framework for the organization, operation, and regulation of credit unions in Kansas.
Whom does it apply to?
Credit unions organized and operating under the laws of the state of Kansas
What does it govern?
Various aspects related to credit unions, including their powers, lending activities, membership, governance, investments, mergers, dissolution, and regulatory oversight
What are exemptions?
No specific exemptions are mentioned in these documents
What are the Penalties?
No specific penalties for non-compliance or violation of the document's provisions are mentioned
Jurisdiction
Kansas