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Can you summarize KSST Chapter 9, Article 7?
BANKS AND BANKING; TRUST COMPANIES > BANKING CODE; DEFINITIONS
Short Summary
The provided legal document content pertains to the state banking code of Kansas. It defines various terms used in the code, including ‘bank or state bank’, ‘business of banking’, ’trust company’, ‘commissioner’, ’executive officer’, ‘demand deposit’, ’time deposit’, ‘savings deposit’, ‘public moneys’, ‘municipal corporation’, ‘quasi-municipal corporation’, ‘certificate of authority’, ’trust business’, ‘community and economic development entity’, ‘depository institution’, ‘student bank’, ‘stock bank’, ‘mutual bank’, and ‘savings and loan association’ or ‘savings bank’. These definitions clarify the meanings of these terms within the context of the state banking code. The section also mentions an exemption for student banks. However, no specific penalties are mentioned in this section.
Whom does it apply to?
Banks, trust companies, commissioners, executive officers, depository institutions, community and economic development entities, student banks, stock banks, mutual banks, savings and loan associations or savings banks
What does it govern?
State banking code of Kansas
What are exemptions?
Student banks
What are the Penalties?
No specific penalties are mentioned in this section.
Jurisdiction
Kansas