12-1675a.Definitions.
As used in K.S.A. 12-1675, 12-1676, 12-1677,
12-1677a and 12-1677b, and amendments thereto:
(a) "Bank" means any bank incorporated under the laws of this
state or any other state, or
organized under the laws of the United States which has
a
main or branch office in this state;
(b) "savings and loan association" means any savings and loan
association
incorporated under the laws of this state or any other state, or
organized
under the laws of the United States and which has a main or branch
office in this state;
(c) "savings bank" means any savings bank organized under the
laws of the
United States
and which has a main or branch office
in
this
state;
(d) "municipality" includes each
investing governmental unit under K.S.A. 12-1675, and amendments thereto;
(e) "main office" means the place of business specified in the articles of
association, certificate of authority or similar document, where the business
of the institution is carried on and which is not a branch;
(f) "branch" means any office
within this
state, other than the main office, that is approved by a federal or state
supervisory agency at which deposits are received, checks paid
or money lent.
Branch
does not include an automated teller machine, remote service unit or similar
device or a loan production office; and
(g) "investment rate" means a rate which is the equivalent yield for United
States government securities having a maturity date as published in the Wall
Street Journal, nearest the maturity date for equivalent maturities. The 0-90
day rate shall be computed on the average effective federal funds rate as
published by the federal reserve system for the previous week.
History: L. 1997, ch. 180, § 13;
L. 2006, ch. 57, § 4; July 1.
12-1675a.Definitions.
As used in K.S.A. 12-1675, 12-1676, 12-1677,
12-1677a and 12-1677b, and amendments thereto:
(a) "Bank" means any bank incorporated under the laws of this
state or any other state, or
organized under the laws of the United States which has
a
main or branch office in this state;
(b) "savings and loan association" means any savings and loan
association
incorporated under the laws of this state or any other state, or
organized
under the laws of the United States and which has a main or branch
office in this state;
(c) "savings bank" means any savings bank organized under the
laws of the
United States
and which has a main or branch office
in
this
state;
(d) "municipality" includes each
investing governmental unit under K.S.A. 12-1675, and amendments thereto;
(e) "main office" means the place of business specified in the articles of
association, certificate of authority or similar document, where the business
of the institution is carried on and which is not a branch;
(f) "branch" means any office
within this
state, other than the main office, that is approved by a federal or state
supervisory agency at which deposits are received, checks paid
or money lent.
Branch
does not include an automated teller machine, remote service unit or similar
device or a loan production office; and
(g) "investment rate" means a rate which is the equivalent yield for United
States government securities having a maturity date as published in the Wall
Street Journal, nearest the maturity date for equivalent maturities. The 0-90
day rate shall be computed on the average effective federal funds rate as
published by the federal reserve system for the previous week.
History: L. 1997, ch. 180, § 13;
L. 2006, ch. 57, § 4; July 1.
12-1675a.Definitions.
As used in K.S.A. 12-1675, 12-1676, 12-1677,
12-1677a and 12-1677b, and amendments thereto:
(a) "Bank" means any bank incorporated under the laws of this
state or any other state, or
organized under the laws of the United States which has
a
main or branch office in this state;
(b) "savings and loan association" means any savings and loan
association
incorporated under the laws of this state or any other state, or
organized
under the laws of the United States and which has a main or branch
office in this state;
(c) "savings bank" means any savings bank organized under the
laws of the
United States
and which has a main or branch office
in
this
state;
(d) "municipality" includes each
investing governmental unit under K.S.A. 12-1675, and amendments thereto;
(e) "main office" means the place of business specified in the articles of
association, certificate of authority or similar document, where the business
of the institution is carried on and which is not a branch;
(f) "branch" means any office
within this
state, other than the main office, that is approved by a federal or state
supervisory agency at which deposits are received, checks paid
or money lent.
Branch
does not include an automated teller machine, remote service unit or similar
device or a loan production office; and
(g) "investment rate" means a rate which is the equivalent yield for United
States government securities having a maturity date as published in the Wall
Street Journal, nearest the maturity date for equivalent maturities. The 0-90
day rate shall be computed on the average effective federal funds rate as
published by the federal reserve system for the previous week.
History: L. 1997, ch. 180, § 13;
L. 2006, ch. 57, § 4; July 1.