9-2111. Prohibiting out-of-state entity to establish or operate trust facility.
9-2111
9-2111. Prohibiting out-of-state entity to establish or operate trust
facility.
(a) Except as provided in K.S.A. 9-2107 and amendments thereto, no trust
company, trust
department of a bank, corporation or other
business entity, the home office of which
is located outside the state of Kansas, shall establish or operate a trust
facility within the state of Kansas.
(b) As used in this section, "trust facility" means any office, agency, desk
or other place of business, at which trust business, as defined by
K.S.A. 9-701 and amendments thereto, is conducted.
History: L. 1994, ch. 51, § 3; L. 1994, ch. 294, § 2; May 5.