9-1128.Deposits by banks or trust companies acting as fiduciaries or
custodians for fiduciaries of certain securities guaranteed by the United
States or agencies thereof; rules and regulations; records of ownership;
certifications of deposit.
Notwithstanding any other provision of law, any bank or trust company
when acting as fiduciary, and any bank or trust company when holding
securities as custodian for a fiduciary, is authorized to deposit, or
arrange for the deposit, with the federal reserve bank in its district of
any securities the principal and interest of which the United States or any
department, agency or instrumentality thereof has agreed to pay, or has
guaranteed payment, to be credited to one or more accounts on the books of
said federal reserve bank in the name of such bank or trust company, to be
designated fiduciary or safekeeping accounts, to which account other
similar securities may be credited. A bank or trust company so depositing
securities with a federal reserve bank shall be subject to such rules and
regulations with respect to the making and maintenance of such deposit as,
in the case of a state bank incorporated under the laws of this state, the
state bank commissioner, and, in the case of national banking associations,
the comptroller of the currency, may from time to time adopt and
promulgate. Any such rules and regulations of the state bank commissioner
shall be adopted and promulgated in the manner provided by K.S.A. 9-1713,
and amendments thereto. The records of such bank or trust company shall at
all times show the ownership of the securities held in such account.
Ownership of, and other interests in, the securities credited to such
account may be transferred by entries on the books of said federal reserve
bank without physical delivery of any securities. A bank or trust company
acting as custodian for a fiduciary shall, on demand by the fiduciary,
certify in writing to the fiduciary the securities so deposited by such
bank or trust company with such federal reserve bank for the account of
such fiduciary. A fiduciary shall, on demand by any party to its accounting
or on demand by the attorney for such party, certify in writing to such
party the securities deposited by such fiduciary with such federal reserve
bank for its account as such fiduciary.
9-1128.Deposits by banks or trust companies acting as fiduciaries or
custodians for fiduciaries of certain securities guaranteed by the United
States or agencies thereof; rules and regulations; records of ownership;
certifications of deposit.
Notwithstanding any other provision of law, any bank or trust company
when acting as fiduciary, and any bank or trust company when holding
securities as custodian for a fiduciary, is authorized to deposit, or
arrange for the deposit, with the federal reserve bank in its district of
any securities the principal and interest of which the United States or any
department, agency or instrumentality thereof has agreed to pay, or has
guaranteed payment, to be credited to one or more accounts on the books of
said federal reserve bank in the name of such bank or trust company, to be
designated fiduciary or safekeeping accounts, to which account other
similar securities may be credited. A bank or trust company so depositing
securities with a federal reserve bank shall be subject to such rules and
regulations with respect to the making and maintenance of such deposit as,
in the case of a state bank incorporated under the laws of this state, the
state bank commissioner, and, in the case of national banking associations,
the comptroller of the currency, may from time to time adopt and
promulgate. Any such rules and regulations of the state bank commissioner
shall be adopted and promulgated in the manner provided by K.S.A. 9-1713,
and amendments thereto. The records of such bank or trust company shall at
all times show the ownership of the securities held in such account.
Ownership of, and other interests in, the securities credited to such
account may be transferred by entries on the books of said federal reserve
bank without physical delivery of any securities. A bank or trust company
acting as custodian for a fiduciary shall, on demand by the fiduciary,
certify in writing to the fiduciary the securities so deposited by such
bank or trust company with such federal reserve bank for the account of
such fiduciary. A fiduciary shall, on demand by any party to its accounting
or on demand by the attorney for such party, certify in writing to such
party the securities deposited by such fiduciary with such federal reserve
bank for its account as such fiduciary.
9-1128.Deposits by banks or trust companies acting as fiduciaries or
custodians for fiduciaries of certain securities guaranteed by the United
States or agencies thereof; rules and regulations; records of ownership;
certifications of deposit.
Notwithstanding any other provision of law, any bank or trust company
when acting as fiduciary, and any bank or trust company when holding
securities as custodian for a fiduciary, is authorized to deposit, or
arrange for the deposit, with the federal reserve bank in its district of
any securities the principal and interest of which the United States or any
department, agency or instrumentality thereof has agreed to pay, or has
guaranteed payment, to be credited to one or more accounts on the books of
said federal reserve bank in the name of such bank or trust company, to be
designated fiduciary or safekeeping accounts, to which account other
similar securities may be credited. A bank or trust company so depositing
securities with a federal reserve bank shall be subject to such rules and
regulations with respect to the making and maintenance of such deposit as,
in the case of a state bank incorporated under the laws of this state, the
state bank commissioner, and, in the case of national banking associations,
the comptroller of the currency, may from time to time adopt and
promulgate. Any such rules and regulations of the state bank commissioner
shall be adopted and promulgated in the manner provided by K.S.A. 9-1713,
and amendments thereto. The records of such bank or trust company shall at
all times show the ownership of the securities held in such account.
Ownership of, and other interests in, the securities credited to such
account may be transferred by entries on the books of said federal reserve
bank without physical delivery of any securities. A bank or trust company
acting as custodian for a fiduciary shall, on demand by the fiduciary,
certify in writing to the fiduciary the securities so deposited by such
bank or trust company with such federal reserve bank for the account of
such fiduciary. A fiduciary shall, on demand by any party to its accounting
or on demand by the attorney for such party, certify in writing to such
party the securities deposited by such fiduciary with such federal reserve
bank for its account as such fiduciary.