Article 9.--BANKING CODE; CAPITAL STOCK AND STRUCTURE
9-901a.Amount of capital.
(a) For purposes of this section, the capital of a bank or trust company shall be the
total of the aggregate par value of its outstanding shares of capital
stock, its surplus and its undivided profits.
(b) The minimum capital of a bank or trust company in existence on
July 1, 1975, shall be $250,000 or such lesser amount as such bank or trust
company had on July 1, 1975. With respect to a bank or trust company in
existence on July 1, 1975, which thereafter transfers its place of business from one
city to another, the minimum capital shall be the amount required by
subsection (c).
(c) The minimum capital of a bank or trust company organized as a corporation after
July 1, 1975, or which thereafter transfers its place of business from one
city to another, shall be as follows:
(1) For a bank at least $250,000 or at least an amount equal to 8% of
its estimated deposits five years after its organization or transfer of
place of business, whichever is greater, of which 60% shall be the
aggregate par value of its outstanding shares of capital stock, 30% its
surplus and 10% its undivided profits;
(2) for a trust company at least $250,000 of which 60% shall be the
aggregate par value of its outstanding shares of capital stock, 30% its
surplus and 10% its undivided profits.
The state banking board may require that the bank or trust company have
capital in excess of the amounts specified in
this subsection if the board determines that the amount and character of
the anticipated business of the bank or trust company and the safety of the
customers so require.
(d) The minimum capital of a bank or trust company organized pursuant to
subsection (b) of K.S.A. 9-1801, and amendments thereto, shall be
determined by the commissioner, provided that the successor bank has
obtained deposit insurance from the federal deposit insurance corporation
or its successor.
(e) Except as may be provided elsewhere in this act, no bank or trust
company shall reduce voluntarily its capital stock or surplus below the
amounts required by this section.
History: L. 1975, ch. 44, § 7; L. 1976, ch. 55, § 1; L. 1986,
ch. 55, § 2; L. 1987, ch. 54, § 2; L. 1989, ch. 48, § 15; July 1.
Article 9.--BANKING CODE; CAPITAL STOCK AND STRUCTURE
9-901a.Amount of capital.
(a) For purposes of this section, the capital of a bank or trust company shall be the
total of the aggregate par value of its outstanding shares of capital
stock, its surplus and its undivided profits.
(b) The minimum capital of a bank or trust company in existence on
July 1, 1975, shall be $250,000 or such lesser amount as such bank or trust
company had on July 1, 1975. With respect to a bank or trust company in
existence on July 1, 1975, which thereafter transfers its place of business from one
city to another, the minimum capital shall be the amount required by
subsection (c).
(c) The minimum capital of a bank or trust company organized as a corporation after
July 1, 1975, or which thereafter transfers its place of business from one
city to another, shall be as follows:
(1) For a bank at least $250,000 or at least an amount equal to 8% of
its estimated deposits five years after its organization or transfer of
place of business, whichever is greater, of which 60% shall be the
aggregate par value of its outstanding shares of capital stock, 30% its
surplus and 10% its undivided profits;
(2) for a trust company at least $250,000 of which 60% shall be the
aggregate par value of its outstanding shares of capital stock, 30% its
surplus and 10% its undivided profits.
The state banking board may require that the bank or trust company have
capital in excess of the amounts specified in
this subsection if the board determines that the amount and character of
the anticipated business of the bank or trust company and the safety of the
customers so require.
(d) The minimum capital of a bank or trust company organized pursuant to
subsection (b) of K.S.A. 9-1801, and amendments thereto, shall be
determined by the commissioner, provided that the successor bank has
obtained deposit insurance from the federal deposit insurance corporation
or its successor.
(e) Except as may be provided elsewhere in this act, no bank or trust
company shall reduce voluntarily its capital stock or surplus below the
amounts required by this section.
History: L. 1975, ch. 44, § 7; L. 1976, ch. 55, § 1; L. 1986,
ch. 55, § 2; L. 1987, ch. 54, § 2; L. 1989, ch. 48, § 15; July 1.
Article 9.--BANKING CODE; CAPITAL STOCK AND STRUCTURE
9-901a.Amount of capital.
(a) For purposes of this section, the capital of a bank or trust company shall be the
total of the aggregate par value of its outstanding shares of capital
stock, its surplus and its undivided profits.
(b) The minimum capital of a bank or trust company in existence on
July 1, 1975, shall be $250,000 or such lesser amount as such bank or trust
company had on July 1, 1975. With respect to a bank or trust company in
existence on July 1, 1975, which thereafter transfers its place of business from one
city to another, the minimum capital shall be the amount required by
subsection (c).
(c) The minimum capital of a bank or trust company organized as a corporation after
July 1, 1975, or which thereafter transfers its place of business from one
city to another, shall be as follows:
(1) For a bank at least $250,000 or at least an amount equal to 8% of
its estimated deposits five years after its organization or transfer of
place of business, whichever is greater, of which 60% shall be the
aggregate par value of its outstanding shares of capital stock, 30% its
surplus and 10% its undivided profits;
(2) for a trust company at least $250,000 of which 60% shall be the
aggregate par value of its outstanding shares of capital stock, 30% its
surplus and 10% its undivided profits.
The state banking board may require that the bank or trust company have
capital in excess of the amounts specified in
this subsection if the board determines that the amount and character of
the anticipated business of the bank or trust company and the safety of the
customers so require.
(d) The minimum capital of a bank or trust company organized pursuant to
subsection (b) of K.S.A. 9-1801, and amendments thereto, shall be
determined by the commissioner, provided that the successor bank has
obtained deposit insurance from the federal deposit insurance corporation
or its successor.
(e) Except as may be provided elsewhere in this act, no bank or trust
company shall reduce voluntarily its capital stock or surplus below the
amounts required by this section.
History: L. 1975, ch. 44, § 7; L. 1976, ch. 55, § 1; L. 1986,
ch. 55, § 2; L. 1987, ch. 54, § 2; L. 1989, ch. 48, § 15; July 1.