Kansas Statutes 9-1140. Prohibiting branch banks in certain locations
Terms Used In Kansas Statutes 9-1140
- 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
- Property: includes personal and real property. See Kansas Statutes 77-201
- 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) No bank shall establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities.
(b) As used in this section:
(1) “Affiliate” means any company that controls, is controlled by, or is under common control with another company.
(2) “Bank” shall have the meaning stated in 12 U.S.C. § 1813(a)(1).
(3) “Branch” means any office, other than the place of business specified in the bank’s certificate of authority, at which deposits are received, checks paid, money lent or trust authority exercised, if approval has been granted by the appropriate federal or state supervisory agency.
(4) “Commercial activities” means activities in which a bank holding company, a financial holding company, a national bank or a national bank financial subsidiary may not engage under federal or state law.
(5) “Control” means the power directly or indirectly to direct the management or policies of a bank or to vote 25% or more of any class of voting shares of a bank.