Kansas Statutes Annotated
Updated Through the 2018 Legislative Session

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Statute Number:9-1127e
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; POWERS
Tax Type:Privilege
Brief Description:Same; investments by savings and loan associations and savings
banks.
Keywords:


Body:

9-1127e.Same; investments by savings and loan associations and savings banks.(a) No savings and loan association or savings bank may make any investment under this section if the association's aggregate outstanding investment in a service corporation would exceed 3% of the association's assets. Not less than1/2of the investment permitted under this section that exceeds 1% of the association's assets shall be used primarily for community, inner city, and community-development purposes.
(b) This section shall be a part of and supplemental to the state banking code.
History:L. 2018, ch. 75, 2; July 1.



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

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