Kansas § 9-1127e Same; investments by savings and loan associations and savings banks

Kansas Statutes

§ 9-1127e — Same; investments by savings and loan associations and savings banks

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

(a)No savings and loan association or savings bank may make any investment under this section if the association's aggregate outstanding investment in a service corporation would exceed 3% of the association's assets. Not less than 1 / 2 of the investment permitted under this section that exceeds 1% of the association's assets shall be used primarily for community, inner city, and community-development purposes.

(b)This section shall be a part of and supplemental to the state banking code.

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(a) No savings and loan association or savings bank may make any investment under this section if the association's aggregate outstanding investment in a service corporation would exceed 3% of the association's assets. Not less than 1 / 2 of the investment permitted under this section that exceeds 1% of the association's assets shall be used primarily for community, inner city, and community-development purposes.
(b) This section shall be a part of and supplemental to the state banking code.

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