Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1602
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; TRUST AUTHORITY
Tax Type:Privilege
Brief Description:Revoking trust authority.
Keywords:


Body:

9-1602.Revoking trust authority.(a) The commissioner may revoke trust authority for any bank or trust company upon finding a failure to adhere to sound fiduciary practices.
(b) If the commissioner revokes the trust authority of a bank, the bank shall have the right to a hearing to be conducted in accordance with the Kansas administrative procedure act. Any final order of the commissioner pursuant to this section is subject to review in accordance with the Kansas judicial review act.
History:L. 1947, ch. 102, 78; L. 1990, ch. 61, 1; L. 2015, ch. 38, 90; July 1.



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

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