Kansas Statutes Annotated
Updated Through the 2016 Legislative Session

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Statute Number:9-1124
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; POWERS
Tax Type:Privilege
Brief Description:Same; investment by banks; limitations.
Keywords:


Body:

9-1124.Same; investment by banks; limitations.No limitation or prohibition otherwise imposed by any provision of state law exclusively relating to banks shall prevent any state bank or banks from investing not more than 10% of the paid-in and unimpaired capital and unimpaired surplus in a bank service company. No bank shall invest more than 5% of the bank’s total assets in bank service companies.
History:L. 1963, ch. 64, 2; L. 1984, ch. 48, 11; L. 2015, ch. 38, 57; L. 2016, ch. 54, 28; July 1.



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

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