9-1808.   Definition of bankers' bank; approval of application for organization.(a) As used in this section, "bankers' bank" means a statebank which is owned exclusively, except to the extent directors' qualifyingshares are required by law, by other state banks, federally charteredbanks or a one bank holdingcompany and is organized to engage exclusively in providing services forother state banks or federally chartered banks and their officers,directors and employees.

      (b)   The state banking board may approve the applicationfor the organization of a state bankers' bank under the provisions ofK.S.A. 9-1801 et seq., and amendments thereto.

      History:   L. 1988, ch. 60, § 2; L. 1988, ch. 56, § 1; July 1.