Kansas Statutes Annotated
Updated Through the 2016 Legislative Session

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Statute Number:9-816
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; ORGANIZATION
Tax Type:Privilege
Brief Description:Bankers’ bank; application for organization.
Keywords:


Body:

9-816.Bankers’ bank; application for organization.(a) As used in this section, “bankers’ bank” means a state bank which is owned exclusively, except to the extent directors’ qualifying shares are required by law, by other state banks, federally chartered banks or a one-bank holding company and is organized to engage exclusively in providing services for other state banks or federally chartered banks and the banks’ officers, directors and employees.
(b) The state banking board may approve the application for the organization of a state bankers’ bank under the provisions of K.S.A.9-801et seq., and amendments thereto.
History:L. 2015, ch. 38, 11; L. 2016, ch. 54, 14; July 1.



Date Composed: 11/10/2016 Date Modified: 11/14/2016

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