Kansas § 9-1127a Same; services which may be performed for depository institutions

Kansas Statutes

§ 9-1127a — Same; services which may be performed for depository institutions

Kansas·Ch. 9 BANKS AND BANKING; TRUST COMPANIES·Art. 11 BANKING CODE; POWERS

Without regard to the provisions of K.S.A. 9-1127b and 9-1127c, and amendments thereto, a state bank may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions:

(a)Check and deposit sorting and posting, computation and posting of interest and other credits and charges;

(b)preparation and mailing of checks, statements, notices and similar items; or

(c)any other clerical, bookkeeping, accounting, statistical or similar functions performed for a depository institution.

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Without regard to the provisions of K.S.A. 9-1127b and 9-1127c, and amendments thereto, a state bank may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions:
(a) Check and deposit sorting and posting, computation and posting of interest and other credits and charges;
(b) preparation and mailing of checks, statements, notices and similar items; or
(c) any other clerical, bookkeeping, accounting, statistical or similar functions performed for a depository institution.

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