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Can you summarize KSST 9-533?
MISCELLANEOUS PROVISIONS > Same; application; required information.
Short Summary
This legal document governs the application process for individuals or entities seeking approval from a federal agency for the acquisition of the voting shares or assets of a Kansas state chartered bank or a bank holding company. The application must include a copy of the applicant’s application for approval by the federal agency, along with any supplemental material or amendments filed with the application. Additionally, the application must include statements of the financial condition and future prospects of both the applicant and the Kansas state chartered bank or bank holding company that is the subject of the application. The applicant must also provide information on how they propose to meet the convenience and needs of the community served by the bank or bank holding company, as well as the communities served by other Kansas banks that are subsidiaries of the applicant. The commissioner may request any additional information deemed necessary. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Applicants seeking approval by a federal agency for the acquisition
What does it govern?
Application requirements for the acquisition of voting shares or assets of a Kansas state chartered bank or bank holding company
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Kansas