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Kansas · Through 2025 legislative session

K.S.A. 9-1719: Change of control; definitions.

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Where this section sits in the code
  1. Chapter 9.—BANKS AND BANKING; TRUST COMPANIES
  2. Article 17.—BANKING CODE; SUPERVISION; COMMISSIONER

As used in K.S.A. 9-1719 to 9-1722, inclusive, and amendments thereto:

(a) "Applicant" means a person who has submitted a change of control application pursuant to K.S.A. 9-1721, and amendments thereto.

(b) "Control" means the power to:

(1) Vote 25% or more of any class of voting shares;

(2) direct, in any manner, the election of a majority of the directors; or

(3) direct or exercise a controlling influence over the management or policies.

(c) "Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed in this subsection.

Collected 2026-09-04T15:10:04Z. Source file · JSON

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