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2012 Statute

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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, a state bank may invest in a bank service corporation that performs, and a bank service corporation 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.

History: L. 1984, ch. 48, § 6; July 1.

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2020. Powered by KLISS. Rendered: 2020-07-11T23:56:55. Head Rev No: 345400