Kan. Stat. Ann. § 9-1612
Company having control over a bank or trust company defined
Kansas · Kansas Statutes Annotated Chapter 9 — Banks and Banking; Trust Companies · Status: effective
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- Citation
- Kan. Stat. Ann. § 9-1612, Company having control over a bank or trust company defined, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2433913
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Full text
For the purposes of K.S.A. 9-1601 through 9-1611, and amendments thereto, any company has control over a bank or trust company if the company directly or indirectly, or acting through one or more persons:
(a) Owns, controls or has power to vote 25% or more of any class of voting securities of the bank or trust company;
(b) controls, in any manner, the election of a majority of the directors or trustees of the bank or trust company; or
(c) has the power to direct the management or policies of the bank or trust company.