Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1714
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; SUPERVISION; COMMISSIONER
Tax Type:Privilege
Brief Description:Appointment of special deputy bank commissioner.
Keywords:


Body:

9-1714.Appointment of special deputy bank commissioner.(a) Whenever the commissioner shall determine that the business of any bank or trust company is being conducted in an unlawful or unsound manner, the commissioner may appoint a special deputy bank commissioner who shall immediately take charge of the operation of such bank or trust company for the purpose of resolving any unlawful or unsound condition or operation.
(b) After appointment, the special deputy bank commissioner shall continue to serve under the direction of the commissioner for such period of time as may be deemed reasonable and necessary by the commissioner and, during such period, such special deputy bank commissioner's salary, which shall be determined by the commissioner, and expenses shall be borne by the bank or trust company under supervision.
(c) After such appointment, any such bank or trust company shall have the right to a hearing to be conducted in accordance with the Kansas administrative procedure act. Any final order of the commissioner pursuant to this section is subject to review in accordance with the Kansas judicial review act.
History:L. 1965, ch. 82, 1; L. 1975, ch. 44, 35; L. 1988, ch. 356, 40; L. 2001, ch. 87, 12; L. 2015, ch. 38, 105; July 1.



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

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