Kansas Statutes Annotated
Updated Through the 2014 Legislative Session

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Statute Number:9-513e
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:MISCELLANEOUS PROVISIONS
Tax Type:Privilege
Brief Description:Same; change in executive officers or directors; fingerprinting.
Keywords:


Body:

9-513e.Same; change in executive officers or directors; fingerprinting.(a) Each licensee under this act shall within 30 days report to the commissioner any change, for whatever reason, in the executive officers or directors, including in its report a statement of the past and current business and professional affiliations of the new executive officers or directors.
(b) The commissioner may require fingerprinting of any new executive officer or director, deemed necessary by the commissioner. Such fingerprints may be submitted to the Kansas bureau of investigation and the federal bureau of investigation for a state and national criminal history record check. The fingerprints shall be used to identify the person and to determine whether the person has a record of arrests and convictions in this state or other jurisdiction.
(c) The commissioner may use information obtained from fingerprinting and the criminal history for purposes of verifying the identification of the person and in the official determination of the qualifications and fitness of the person.
(d) For purposes of this section and in order to reduce the points of contact which the federal bureau of investigation may have with the individual states, the commissioner may use a nationwide multi-state licensing system and registry for requesting information from and distributing information to the department of justice or any governmental agency.
(e) Whenever the commissioner requires fingerprinting, any associated costs shall be paid by the applicant or the parties to the application. If the applicant is a publicly traded corporation or a subsidiary of a publicly traded corporation, no fingerprint check shall be required.
(f) The provisions of this section shall be part of and supplemental to the Kansas money transmitter act.
History:L. 2014, ch. 120, 1; July 1.



Date Composed: 11/14/2014 Date Modified: 11/14/2014

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