Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-511
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:MISCELLANEOUS PROVISIONS
Tax Type:Privilege
Brief Description:Same; inapplicability of act to certain businesses and
activities.
Keywords:


Body:

9-511.Same; inapplicability of act to certain businesses and activities.The following persons shall be exempt from the provisions of this act:
(a) (1) Banks, building and loan associations, savings and loan associations, savings banks or credit unions organized under the laws of and subject to the supervision of this state, another state or the United States;
(2) service providers that: (A) By written agreement with the exempt entities listed in (a)(1), provide for receipt and delivery of funds, network access, processing, clearance or settlement services in support of money transmission activities; and (B) allow the state or federal regulators with regulatory jurisdiction over the exempt entity to examine and inspect the applicable records, books and transactions relating to the service provider;
(3) the government of the United States and its agencies, including agents of the government and its agencies; or
(4) the state of Kansas and its agencies, including agents of the state of Kansas and its agencies.
(b) This act also shall not apply to the distribution, transmission or payment of money as a part of the lawful practice of law, bookkeeping, accounting or real estate sales or brokerage or as an incidental and necessary part of any lawful business activity.
History:L. 1967, ch. 73, 4; L. 1989, ch. 48, 10; L. 1990, ch. 53, 1; L. 2006, ch. 113, 8; L. 2012, ch. 161, 7; L. 2013, ch. 45, 4; L. 2015, ch. 33, 4; July 1.



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

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