Kansas Statutes Annotated

K.S.A. § 9-1902 (2026)

Definition of insolvency

✓ current as of May 2026

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9-1902. Definition of insolvency. A bank or trust company shall be deemed to be insolvent when: (a) The actual cash market value of a bank's or trust company's assets is insufficient to pay such bank's or trust company's creditor liabilities, except that for this purpose unconditional evidence of indebtedness of the United States of America may be valued, at the discretion of the commissioner, at par or cost whichever is the lesser; or (b) the bank or trust company is unable to meet the demands of its creditors in the usual and customary manner.

History: L. 1947, ch. 102, § 110; L. 1980, ch. 49, § 2; L. 2015, ch. 38, § 117; L. 2016, ch. 54, § 52; July 1.

Notes of Decisions

Cited in 1 case, 2018–2018 · leading case: Columbian Fin. Corp. v. Bowman, 314 F. Supp. 3d 1113 (D. Kan. 2018).

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Columbian Fin. Corp. v. Bowman, 314 F. Supp. 3d 1113 (D. Kan. 2018). · cites it 7× “The district court's opinion included an interpretation of the state statute in question: Thus, Petitioners'/Appellants' assertion that the phrase "is unable", as used in K.S.A. 9-1902, means "insolvency" in actual fact is too strict of a standard by which to measure the…”

— K.S.A. § 9-1902(2) — 1 case

Columbian Fin. Corp. v. Bowman, 314 F. Supp. 3d 1113 (D. Kan. 2018). “The district court's opinion included an interpretation of the state statute in question: Thus, Petitioners'/Appellants' assertion that the phrase "is unable", as used in K.S.A. 9-1902, means "insolvency" in actual fact is too strict of a standard by which to measure the…”

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