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Can you summarize KSST 9-535?
MISCELLANEOUS PROVISIONS > Same; approval of application; applicant right to appeal.
Short Summary
This legal document governs the approval process for applications to acquire a Kansas state chartered bank or bank holding company. The commissioner will approve the application if it meets all the factors prescribed in K.S.A. 9-534 and is in the interest of the depositors, creditors, and the public. If the application is denied, the applicant has the right to a hearing before the state banking board, which will make a decision on the commissioner’s determination. Any action taken by the state banking board can be reviewed in accordance with the Kansas judicial review act.
Whom does it apply to?
Applicants seeking to acquire a Kansas state chartered bank or bank holding company
What does it govern?
Approval of application for acquisition of a Kansas state chartered bank or bank holding company
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Kansas