Ask Reggi Your Question Now
Can you summarize KSST 9-534?
MISCELLANEOUS PROVISIONS > Same; application; approval; factors.
Short Summary
This legal document pertains to the approval of applications filed under K.S.A. 9-532 for bank acquisitions in Kansas. The document outlines the factors that the commissioner must consider when determining whether to approve such applications. These factors include the safe and sound operation of the applicant’s subsidiary banks, the provision of adequate services to communities, the proposal to provide adequate services in the communities served by the Kansas state chartered bank or its subsidiaries, the financial stability of the bank or bank holding company, and the competence, experience, and integrity of the applicant’s managerial resources. The document does not mention any exemptions or penalties. It was last amended in 2016.
Whom does it apply to?
Applicants seeking approval for bank acquisitions in Kansas
What does it govern?
Approval of applications for bank acquisitions in Kansas
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Kansas