Kansas Statutes 75-4205. Operating accounts; designation of banks
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Terms Used In Kansas Statutes 75-4205
- Bank: means a bank incorporated under the laws of this state, or organized under the laws of the United States or another state and which has a main or branch office in this state. See Kansas Statutes 75-4201
- Board: means the pooled money investment board. See Kansas Statutes 75-4201
- Operating account: means a state bank account which is payable or withdrawable, in whole or in part, on demand. See Kansas Statutes 75-4201
The board shall designate one or more banks to receive operating accounts. In determining the amount of the award of an operating account to any bank designated under this section therefor, the board shall give consideration to the amount of service to be required of it.