9-1808. Definition of bankers' bank; approval of application for organization.
9-1808
9-1808. Definition of bankers' bank; approval of 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
other state banks or federally chartered banks and their officers,
directors and employees.
(b) The state banking board may approve the application
for the organization of a state bankers' bank under the provisions of
K.S.A. 9-1801 et seq., and amendments thereto.
History: L. 1988, ch. 60, § 2; L. 1988, ch. 56, § 1; July 1.