Kansas Administrative Regulations
Agency 17 - OFFICE OF THE STATE BANK COMMISSIONER
Article 9 - INVESTMENT SECURITIES
Section 17-9-4 - Investment securities; amortization of premium
Universal Citation: KS Admin Regs 17-9-4
Current through Register Vol. 43, No. 12, March 20, 2024
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).
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