Kansas Statutes 10-629. Bonds pledgeable as a security for public deposits
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Terms Used In Kansas Statutes 10-629
- Bond: means a certificated or an uncertificated bond, no-fund warrant, temporary note or other agreement to repay borrowed money and any interest thereon whether in the form of a contract, lease, installment purchase agreement or otherwise, including a share, participation or other interest in any such agreement. See Kansas Statutes 10-621
- Certificated bond: means a registered bond which is represented by an instrument. See Kansas Statutes 10-621
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- Statute: A law passed by a legislature.
- Uncertificated bond: means a bond which is issued pursuant to a system of registration and is not represented by an instrument. See Kansas Statutes 10-621
Whenever any bond is authorized to be pledged as a security under Kan. Stat. Ann. § 9-1402 et seq. or 75-4201 et seq., and amendments thereto, or under any other statute of this state, such bond shall be accepted as a security under such statute if: (a) In the case of a certificated bond, it is assigned, delivered or pledged to the holder of the deposit for security in accordance with the provisions of such statutes; (b) in the case of an uncertificated bond, registration of a pledge of the bond is authorized by the system and the pledge of the uncertificated bond is registered; or (c) in a form approved by the attorney general, which assures the availability of the bond proceeds pledged as a security for public deposits.