9-1719. Change of control; definitions.
9-1719
9-1719. Change of control; definitions.As used in K.S.A. 9-1719 to 9-1723, inclusive:
(a) "Control" means the power directly or indirectly to direct themanagement or policies of a financial institution or to vote 25% or more ofany class of voting shares of a bank.
(b) "Bank" means a state bank or trust company incorporated underthe laws of Kansas.
(c) "Commissioner" means the Kansas state bank commissioner.
(d) "Person" means an individual or a corporation, partnership, trust,association, joint venture, pool, syndicate, sole proprietorship,unincorporated organization or any other form of entity not specificallylisted in this subsection.
(e) "Board" means the Kansas banking board.
History: L. 1984, ch. 47, § 1;L. 1987, ch. 54, § 9; May 7.