9-801. Incorporation; application; criteria for approval of application. (a) No bank or trust company shall be organized or incorporated under the laws of this state nor transact either a banking business or a trust business in this state, until the application for such bank’s or trust company’s incorporation and application for certificate of authority has […]
9-802. Date of existence; transaction of business before authorization. (a) The existence of any bank or trust company as a corporation shall date from the filing of the bank’s or trust company’s articles of incorporation with the Kansas secretary of state’s office from which time such bank or trust company shall have and may exercise […]
9-803. Renewal and extension of corporation; lapse in authority or existence. (a) Any bank or trust company with articles of incorporation that have lapsed, or hereafter shall lapse, may renew and extend the bank’s corporate existence or the trust company’s corporate existence in the manner provided by law and upon payment of the requisite fees. […]
9-804. Certificate of authority; examination; issuance. (a) Upon approval of an application to organize a bank or trust company with the state banking board, such board shall cause to be made by and through the commissioner, a careful examination and investigation concerning: (1) The amount of moneys paid in for capital, surplus and undivided profits, […]
9-806. Failure to engage in business; reapplication required. Any newly organized bank or trust company which did not begin business within 120 days after a certificate of authority has been issued to such bank or trust company by the commissioner shall not engage in the banking business or the business of a trust company without […]
9-808. Stockholder vote for conversion to state bank or state trust company; application to commissioner; investigation; capital and name; stock for stock or property; powers continued; assets transferred; same entity; divesture of unauthorized assets and liabilities. (a) Any national bank, federal savings association or federal savings bank organized under the laws of the United States […]
9-809. Stockholder vote for conversion to national bank; copy of application to commissioner. (a) Any state bank or state trust company may convert to a national bank, federal savings and loan association or federal savings bank upon the affirmative vote of not less than 2/3 of the bank’s outstanding voting stock or members. (b) The […]
9-811. Prohibition against nonbank banks; exceptions. 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 […]
9-812. Bank change of name; approval required. (a) No bank or trust company shall change its name until such name change has been submitted to and approved by the commissioner. (b) The commissioner shall not approve the name selected for the bank if it is the name of any other bank: (1) Doing business in […]
9-814. Change of place of business; application and approval process. (a) No bank or trust company organized under the laws of this state shall change the bank’s or trust company’s place of business, from one city or town to another or from one location to another within the same city or town, without prior approval. […]
9-815. Expenses of examination or investigation; payment; disposition of moneys received. (a) Any applicant making application under article 8 of chapter 9 of the Kansas Statutes Annotated, and amendments thereto, shall pay to the commissioner a fee in an amount established pursuant to K.S.A. 2021 Supp. 9-1726, and amendments thereto, to defray the expenses of […]
9-816. Bankers’ bank; application for organization. (a) As used in this section, “bankers’ bank” means a state bank which is owned exclusively, except to the extent directors’ qualifying shares are required by law, by other state banks, federally chartered banks or a one-bank holding company and is organized to engage exclusively in providing services for […]
9-817. Mutual banks; deposits and related powers. (a) Subject to the terms of its articles of incorporation and bylaws, and rules and regulations of the commissioner, a mutual bank may: (1) Raise funds through deposit, share or other accounts, including demand deposit accounts, hereafter referred to as “accounts”; and (2) issue passbooks, certificates or other […]
