Kansas § 9-1719 Change of control; definitions

Kansas Statutes

§ 9-1719 — Change of control; definitions

Kansas·Ch. 9 BANKS AND BANKING; TRUST COMPANIES·Art. 17 BANKING CODE; SUPERVISION; COMMISSIONER

As used in K.S.A. 9-1719 to 9-1722, inclusive, and amendments thereto:

(a)"Applicant" means a person who has submitted a change of control application pursuant to K.S.A. 9-1721, and amendments thereto.

(b)"Control" means the power to:

(1)Vote 25% or more of any class of voting shares;

(2)direct, in any manner, the election of a majority of the directors; or

(3)direct or exercise a controlling influence over the management or policies.

(c)"Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed in this subsection.

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As used in K.S.A. 9-1719 to 9-1722, inclusive, and amendments thereto:
(a) "Applicant" means a person who has submitted a change of control application pursuant to K.S.A. 9-1721, and amendments thereto.
(b) "Control" means the power to:
(1) Vote 25% or more of any class of voting shares;
(2) direct, in any manner, the election of a majority of the directors; or
(3) direct or exercise a controlling influence over the management or policies.
(c) "Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed in this subsection.

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