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.

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.

An applicant filing an application pursuant to K.S.A. 9-532 , and amendments thereto, may be required to the extent applicable to supplement the application with such information as may be required pursuant to K.S.A. 9-1719 et seq., and amendments thereto. History: L. 1991, ch. 45, 8; L. 1995, ch. 79, 7; L. 2015, ch. 38, 20; July 1.

The commissioner at any time may review the activities of any bank holding company with a subsidiary bank in Kansas and its subsidiary banks to determine if the proposals of the company as stated in the information provided pursuant to K.S.A. 9-533 , and amendments thereto, are being fulfilled. The commissioner may require the company and such banks to furnish such additional information as the commissioner finds necessary to make such determination.

This provision, found in the Kansas Statutes under the section ‘BANKS AND BANKING; TRUST COMPANIES » MISCELLANEOUS PROVISIONS’, regulates the acquisition of Kansas banks by out-of-state bank holding companies and their subsidiaries. It states that no out-of-state bank holding company or subsidiary can acquire more than 5% ownership or control of any class of voting shares of a Kansas bank, unless the Kansas bank has been in existence and actively engaged in business for five or more years.

Articles 5, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 and 21 of chapter 9 of the Kansas Statutes Annotated, K.S.A. 74-3004 , 74-3005 , 74-3006 , 75-1304 , 75-1305 and 75-1306 , and 75-1308 , and K.S.A. 9-814 , 9-815 , 9-816 , 9-1141 , 9-1409 , 9-1725 , 9-1726 , 9-1810 , 9-1811 , 9-1919 , 9-1920 , 9-1921 and 9-2019 , and amendments thereto, shall constitute and may be cited as the state banking code.

This legal document, known as the Certificate of Existence and Authority, pertains to persons opening a deposit account, loan account, or other banking relationship on behalf of an entity with a financial institution in Kansas. The document allows such persons to provide the financial institution with a certificate as evidence of the entity’s existence and the person’s authority to act on behalf of the entity. The certificate must include information such as the entity’s name, mailing address, type, formation details, and the person’s name, address, and position.

This section of the Kansas Statutes governs the powers and operations of mutual banks in relation to deposits. It states that a mutual bank, subject to its articles of incorporation, bylaws, and regulations of the commissioner, can raise funds through various types of accounts and issue evidence of these accounts. The mutual bank is prohibited from allowing overdrafts on behalf of affiliates or incurring overdrafts in its own account at federal reserve banks or federal home loan banks on behalf of affiliates.

The provided legal document content covers a wide range of topics related to credit unions in Kansas. It includes information on the powers and lending activities of credit unions, the requirements for membership and the issuance of shares, the establishment and operation of branches, the duties and responsibilities of the board of directors and committees, the supervision and powers of the credit union administrator, the organization and dissolution of credit unions, the disclosure and confidentiality of information, the insurance of shares, the participation in loans, the borrowing and investment powers of credit unions, and the requirements for amending the bylaws and charter.

This legal document, part of the Kansas Statutes on Unfair Trade and Consumer Protection, governs the protection of consumer information. It applies to persons conducting business in Kansas and government entities that own or license computerized data with personal information. It also applies to individuals or commercial entities maintaining computerized data they do not own or license. The document requires these entities to conduct a reasonable and prompt investigation when aware of a breach and provide notice to affected Kansas residents without unreasonable delay if misuse of information has occurred or is likely to occur.