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2012 Statute



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9-1140.Same; definitions. As used in K.S.A. 2012 Supp. 9-1139 and 9-1140, and amendments thereto: (a) "Affiliate" means any company that controls, is controlled by, or is under common control with another company.

(b) "Bank" shall have the meaning stated in the federal deposit insurance act, 12 U.S.C. § 1813(a)(1).

(c) "Branch" means any office, other than the place of business specified in the bank's certificate of authority, at which deposits are received, checks paid, money lent or trust authority exercised, if approval has been granted by the appropriate federal or state supervisory agency.

(d) "Commercial activities" means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal or state law.

(e) "Control" means the power directly or indirectly to direct the management or policies of a bank or to vote 25% or more of any class of voting shares of a bank.

History: L. 2007, ch. 78, § 2; July 1.



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2019. Powered by KLISS. Rendered: 2019-06-17T08:09:49. Head Rev No: 345400