Kansas § 9-1612 Company having control over a bank or trust company defined

Kansas Statutes

§ 9-1612 — Company having control over a bank or trust company defined

Kansas·Ch. 9 BANKS AND BANKING; TRUST COMPANIES·Art. 16 BANKING CODE; TRUST AUTHORITY

For the purposes of K.S.A. 9-1601 through 9-1611, and amendments thereto, any company has control over a bank or trust company if the company directly or indirectly, or acting through one or more persons:

(a)Owns, controls or has power to vote 25% or more of any class of voting securities of the bank or trust company;

(b)controls, in any manner, the election of a majority of the directors or trustees of the bank or trust company; or

(c)has the power to direct the management or policies of the bank or trust company.

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For the purposes of K.S.A. 9-1601 through 9-1611, and amendments thereto, any company has control over a bank or trust company if the company directly or indirectly, or acting through one or more persons:
(a) Owns, controls or has power to vote 25% or more of any class of voting securities of the bank or trust company;
(b) controls, in any manner, the election of a majority of the directors or trustees of the bank or trust company; or
(c) has the power to direct the management or policies of the bank or trust company.

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