Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1719
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; SUPERVISION; COMMISSIONER
Tax Type:Privilege
Brief Description:Change of control; definitions.
Keywords:


Body:

9-1719.Change of control; definitions.As used in K.S.A. 9-1719 to9-1722, inclusive, and amendments thereto:
(a) "Control" means the power to:
(1) Vote 25% or more of any class of voting shares;
(2) direct, in any manner, the election of a majority of the directors; or
(3) direct or exercise a controlling influence over the management or policies.
(b) "Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed in this subsection.
History:L. 1984, ch. 47, 1; L. 1987, ch. 54, 9; L. 2015, ch. 38, 109; July 1.



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

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