Kan. Stat. § 9-1124

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 9-1124 - Same; investment by banks; limitations

No limitation or prohibition otherwise imposed by any provision of state law exclusively relating to banks shall prevent any state bank or banks from investing not more than 10% of the paid-in and unimpaired capital and unimpaired surplus in a bank service company. No bank shall invest more than 5% of the bank's total assets in bank service companies.

K.S.A. 9-1124

Amended by L. 2016, ch. 54,§ 28, eff. 7/1/2016.
Amended by L. 2015, ch. 38,§ 57, eff. 7/1/2015.
L. 1963, ch. 64, § 2; L. 1984, ch. 48, § 11; July 1.