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Can you summarize KSST 9-2012?
BANKING CODE; CRIMES AND PUNISHMENTS > Intent to injure or defraud; penalty.
Short Summary
This provision, found in the Kansas Statutes under the BANKS AND BANKING; TRUST COMPANIES section, prohibits shareholders, directors, officers, employees, and agents of a bank or trust company from engaging in activities with the intent to injure, defraud, or deceive the bank or trust company, its examiners, the commissioner or the commissioner’s staff, or any other person. Specifically, it is unlawful to issue certificates of deposit, draw drafts or bills of exchange, make acceptances, assign notes, bonds, drafts or bills of exchange, or use the name of the bank or trust company in any manner. Additionally, aiding or abetting in the violation of this provision is also unlawful. Violators of this provision may be convicted of a severity level 7, nonperson felony.
Whom does it apply to?
Shareholders, directors, officers, employees, agents of a bank or trust company
What does it govern?
Intent to injure or defraud a bank or trust company
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Severity level 7, nonperson felony
Jurisdiction
Kansas