9-1127a. Same; services which may be performed for depository institutions.
9-1127a
9-1127a. Same; services which may be performed for depository
institutions.
Without regard to the provisions of K.S.A. 9-1127b and 9-1127c,
a state bank may invest in a bank service corporation that
performs, and a bank service corporation may perform, the following
services only for depository institutions:
(a) Check and deposit sorting and posting, computation and posting of
interest and other credits and charges;
(b) preparation and mailing of checks, statements, notices and similar
items; or
(c) any other clerical, bookkeeping, accounting, statistical or similar
functions performed for a depository institution.
History: L. 1984, ch. 48, § 6; July 1.