Kansas § 9-811 Prohibition against nonbank banks; exceptions

Kansas Statutes

§ 9-811 — Prohibition against nonbank banks; exceptions

Kansas § 9-811

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 8BANKING CODE; ORGANIZATION

This text of Kansas § 9-811 (Prohibition against nonbank banks; exceptions) 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. § 9-811 (2026).

Text

No financial institution with deposits insured by the federal deposit insurance corporation shall conduct business in this state unless such institution:

(a)Has the legal right to accept deposits that the depositor has the legal right to withdraw on demand and to engage in the business of making commercial loans; or (b) is a national bank which engages only in credit card operations, does not accept demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others, does not accept any savings or time deposits of less than $100,000, maintains only one office that accepts deposits and does not engage in the business of making commercial loans.

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No financial institution with deposits insured by the federal deposit insurance corporation shall conduct business in this state unless such institution: (a) Has the legal right to accept deposits that the depositor has the legal right to withdraw on demand and to engage in the business of making commercial loans; or (b) is a national bank which engages only in credit card operations, does not accept demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others, does not accept any savings or time deposits of less than $100,000, maintains only one office that accepts deposits and does not engage in the business of making commercial loans.