Kan. Admin. Regs. § 17-9-4 - Investment securities; amortization of premium

A bank shall not purchase an investment security for its own account at a price exceeding par unless the bank provides for the regular amortization of the premium paid in accordance with generally accepted accounting principles (GAAP).

Notes

Kan. Admin. Regs. § 17-9-4
Authorized by K.S.A. 9-1713; implementing K.S.A. 1995 Supp. 9-1101; effective Aug. 9, 1996.

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