Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1127a
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; POWERS
Tax Type:Privilege
Brief Description:Same; services which may be performed for depository
institutions.
Keywords:


Body:

9-1127a.Same; services which may be performed for depository institutions.Without regard to the provisions of K.S.A.9-1127band9-1127c, and amendments thereto, a state bank may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions:
(a) Check and deposit sorting and posting, computation and posting of interest and other credits and charges;
(b) preparation and mailing of checks, statements, notices and similar items; or
(c) any other clerical, bookkeeping, accounting, statistical or similar functions performed for a depository institution.
History:L. 1984, ch. 48, 6; L. 2015, ch. 38, 59; July 1.


Date Composed: 12/03/2015 Date Modified: 12/04/2015

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