Kansas § 9-561 Federal law controls when inconsistent with this act; interpretive guidance provided by commissioner

Kansas Statutes

§ 9-561 — Federal law controls when inconsistent with this act; interpretive guidance provided by commissioner

Kansas·Ch. 9 BANKS AND BANKING; TRUST COMPANIES·Art. 5 MISCELLANEOUS PROVISIONS

(a)If the jurisdiction of state money transmission is conditioned on federal law, any inconsistencies between a provision of this act and such federal law governing money transmission shall be governed by the applicable federal law to the extent of such inconsistency.

(b)If there are any inconsistencies between this act and any federal law that governs pursuant to subsection (a), the commissioner may provide interpretive guidance that identifies the:

(1)Inconsistency; and

(2)appropriate means of compliance with federal law.

(c)This section shall take effect on and after January 1, 2025.

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(a) If the jurisdiction of state money transmission is conditioned on federal law, any inconsistencies between a provision of this act and such federal law governing money transmission shall be governed by the applicable federal law to the extent of such inconsistency.
(b) If there are any inconsistencies between this act and any federal law that governs pursuant to subsection (a), the commissioner may provide interpretive guidance that identifies the:
(1) Inconsistency; and
(2) appropriate means of compliance with federal law.
(c) This section shall take effect on and after January 1, 2025.

Kansas § 9-561 (Federal law controls when inconsistent with this act; interpretive guidance provided by commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.