Kansas Statutes Annotated
Updated Through the 2018 Legislative Session

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Statute Number:9-809
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; ORGANIZATION
Tax Type:Privilege
Brief Description:Stockholder vote for conversion to national bank; copy of application
to commissioner.
Keywords:


Body:

9-809.Stockholder vote for conversion to national bank; copy of application to commissioner.(a) Any state bank may convert to a national bank, federal savings and loan association or federal savings bank upon the affirmative vote of not less than2/3of the bank's outstanding voting stock or members.
(b) The state bank shall provide a copy of the application submitted to the comptroller of currency to the commissioner within 10 days after the date the state bank applies for approval to convert to a national banking association, federal savings and loan association or federal savings bank from the office of the comptroller of the currency.
(c) The state bank shall provide to the commissioner written notice of approval by the comptroller of currency to convert to a national bank, federal savings and loan association or federal savings bank within 10 days of receiving the approval.
(d) Within 15 days following the issuance of a charter certificate to the bank by the comptroller, the bank shall surrender its state certificate of authority or charter and shall certify in writing that notice of the conversion has been given to the Kansas secretary of state's office.
History:L. 1947, ch. 102, 12; L. 1995, ch. 19, 1; L. 2015, ch. 38, 29; L. 2016, ch. 54, 9; L. 2018, ch. 75, 9; July 1.



Date Composed: 12/31/2018 Date Modified: 12/31/2018

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