Kan. Stat. § 9-1127a

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 9-1127a - Same; services which may be performed for depository institutions

Without regard to the provisions of K.S.A. 9-1127b and 9-1127c, and amendments thereto, a state bank may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions:

(a) Check and deposit sorting and posting, computation and posting of interest and other credits and charges;

(b) preparation and mailing of checks, statements, notices and similar items; or

(c) any other clerical, bookkeeping, accounting, statistical or similar functions performed for a depository institution.

K.S.A. 9-1127a

Amended by L. 2015, ch. 38,§ 59, eff. 7/1/2015.

L. 1984, ch. 48, § 6; July 1.