Kansas Statutes 75-1304. State bank commissioner; appointment; qualifications; duties
Terms Used In Kansas Statutes 75-1304
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(a) The governor shall appoint, subject to confirmation by the senate as provided in Kan. Stat. Ann. § 75-4315b, and amendments thereto, a state bank commissioner who shall serve at the pleasure of the governor. Except as provided by Kan. Stat. Ann. § 46-2601, and amendments thereto, no person appointed as bank commissioner shall exercise any power, duty or function as bank commissioner until confirmed by the senate.
(b) No person shall be eligible for appointment as commissioner unless such person has at least five years actual experience as an executive officer in a state or national bank located in this state.
(c) The commissioner shall devote the commissioner’s time and attention to the business and duties of the office on a full-time basis.
(d) While serving as bank commissioner, the commissioner shall not be an officer, voting director, employee or paid consultant of:
(1) Any state or national bank or bank holding company;
(2) any affiliate of a state or national bank or bank holding company; or
(3) any other entity regulated by the commissioner.