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HB 2489

AN ACT concerning financial institutions; relating to technology-enabled fiduciary financial institutions; out-of-state financial institutions; imposing certain fiduciary duties and charitable distribution requirements on financial institutions engaging in fiduciary financial institution business; requiring banks to conduct fidfin transactions through a separate department; exempting financial institutions from certain provisions of the technology-enabled fiduciary financial institutions act; establishing fees and assessments; examinations; disclosures to consumers; mandatory reporting of elder abuse; amending K.S.A. 39-1401 and K.S.A. 2021 Supp. 9-2301, 9-2302, 9-2303, 9-2304, 9-2306, 9-2307, 9-2310, 9-2311, 9-2312, 9-2317 and 9-2318 and repealing the existing sections.

(printable version)

Senate - Final Action - Passed as amended; - 03/23/2022

On roll call the vote was:

Yea - (37):

Alley, Baumgardner, Billinger, Bowers, Claeys, Corson, Dietrich, Doll, Erickson, Fagg, Faust-Goudeau, Francisco, Gossage, Haley, Hilderbrand, Holscher, Kerschen, Kloos, Longbine, Masterson, O'Shea, Olson, Peck, Petersen, Pettey, Pittman, Pyle, Ryckman, Steffen, Straub, Suellentrop, Sykes, Thompson, Tyson, Ware, Warren, Wilborn,

Nay - (0):

Present and Passing - (2):

Hawk, Holland,

Absent and Not Voting - (1):

McGinn,

Not Voting - (0):