Kansas § 9-535 Bank holding companies; approval of application; applicant right to appeal

Kansas Statutes

§ 9-535 — Bank holding companies; approval of application; applicant right to appeal

Kansas § 9-535

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 5MISCELLANEOUS PROVISIONS

This text of Kansas § 9-535 (Bank holding companies; approval of application; applicant right to appeal) 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. § 9-535 (2026).

Text

(a)The commissioner shall approve the application if the commissioner determines that the application favorably meets each and every factor prescribed in K.S.A. 9-534, and amendments thereto, the proposed acquisition is in the interest of the depositors and creditors of the Kansas state chartered bank or bank holding company that has an ownership interest in a Kansas state chartered bank that is the subject of the proposed acquisition and in the public interest generally.

(b)If the commissioner denies the application, the applicant shall have the right to a hearing before the state banking board to be conducted in accordance with the Kansas administrative procedure act. The state banking board shall render the board's decision affirming or rescinding the determination of the commissioner

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(a) The commissioner shall approve the application if the commissioner determines that the application favorably meets each and every factor prescribed in K.S.A. 9-534, and amendments thereto, the proposed acquisition is in the interest of the depositors and creditors of the Kansas state chartered bank or bank holding company that has an ownership interest in a Kansas state chartered bank that is the subject of the proposed acquisition and in the public interest generally.
(b) If the commissioner denies the application, the applicant shall have the right to a hearing before the state banking board to be conducted in accordance with the Kansas administrative procedure act. The state banking board shall render the board's decision affirming or rescinding the determination of the commissioner. Any action of the state banking board pursuant to this section is subject to review in accordance with the Kansas judicial review act.