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 § 9-1612

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 16BANKING CODE; TRUST AUTHORITY

This text of Kansas § 9-1612 (Company having control over a bank or trust company defined) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 9-1612 (2026).

Text

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.