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§ 1. Banking laws. No bank shall be established otherwise than under a general banking law, nor be operated otherwise than by a duly organized corporation.

History: Adopted by convention, July 29, 1859; ratified by electors, October 4, 1859; L. 1861, p. 64; L. 1980, ch. 356; November 4, 1980.

CASE ANNOTATIONS

1. Applies only to banks of issue, not deposit and discount. Pape v. Capitol Bank, 20 Kan. 440.

2. This article discussed at length, showing banks contemplated by it. Pape v. Capitol Bank, 20 Kan. 440, 441.

3. Section construed with kindred sections limiting action of Legislature. Atchison Street Rly. Co. v. Mo. Pac. Rly. Co., 31 Kan. 660, 666, 3 P. 284.

4. Language of foregoing case quoted. Fischer v. Moore, 69 Kan. 191, 201, 76 P. 403.