Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1604
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; TRUST AUTHORITY
Tax Type:Privilege
Brief Description:Liquidation, termination of trust business.
Keywords:


Body:

9-1604.Liquidation, termination of trust business.Upon the affirmative vote of a majority of the outstanding voting stock, any bank having trust authority may terminate the bank's trust business. The termination of trust services shall be done in accordance with the Kansas uniform trust code and with the contracting trustee provisions of K.S.A.9-2107, and amendments thereto. Any bank terminating the bank's trust business may surrender such bank's special permit for trust authority or be granted inactive status pursuant to K.S.A.9-1703, and amendments thereto.
History:L. 1947, ch. 102, 80; L. 1951, ch. 120, 3; L. 1996, ch. 175, 16; L. 2015, ch. 38, 92; July 1.



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

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