Kansas Administrative Code

Kansas Administrative Regulations Office of the State Bank Commissioner Article 16.—Charter Applications 17-16-6. Revoked. (Authorized by K.S.A. 9-1713; effective, E-77-18, March 19, 1976; effective, E-78-12, April 27, 1977; effective May 1, 1978; amended Jan. 27, 1992; revoked A…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 16.—Charter Applications 17-16-7. Revoked. (Authorized by K.S.A. 9-1713; effective, E-77-18, March 19, 1976; effective, E-78-12, April 27, 1977; effective May 1, 1978; revoked Aug. 9, 1996.)

Kansas Administrative Regulations Office of the State Bank Commissioner Article 16.—Charter Applications 17-16-8. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 9-1802; effective, E-77-18, March 19, 1976; effective, E-78-12, April 27, 1977; effective May 1, 1978; amen…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 16.—Charter Applications 17-16-9. Application; consideration by the board. (a) After considering the application, including any comment letters and the applicant's response to comment letters, the boa…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-1. Limitation on engaging in futures. A bank's authority to engage in financial futures contracts, pursuant to K.S.A. 1995 Supp. 9-1101 shall be limited to using …

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-10. Internal controls; reporting. To assure adherence to bank policy and prevent unauthorized trading and other abuses, each bank engaging in financial futures co…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-2. Definitions. As used in this article: (a) "contract" means a financial futures contract; and (b) "hedging" means a purchase or sale made as protection against …

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-3. Adoption of policy by bank. (a) The board of directors shall establish a written policy to engage in financial futures contracts. Policy objectives and limitat…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-4. Notice to commissioner. A bank shall notify the commissioner of the bank's intention to engage in financial futures contracts before commencement of the activi…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-5. Monthly review of contracts. The board of directors, a duly authorized committee or the bank's internal auditors shall review financial futures contract positi…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-6. Maintenance of ledger accounts or registers. (a) Each bank engaging in financial futures contracts shall maintain general ledger memorandum accounts or commitm…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-7. Review of contracts; market valuation. (a) Except for financial futures contracts described in K.A.R. 17-17-8, the bank shall review each open position and sha…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-8. Hedging of mortgage banking operations. (a) The bank shall account for financial futures contracts associated with bona fide hedging of mortgage banking operat…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 17.—Financial Futures Contracts 17-17-9. Effect on bank's financial condition. The financial reports of any bank engaging in financial futures contracts shall disclose in an explanatory note any finan…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 18.—Open-End Investment Companies (not in active use) 17-18-1. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 1984 Supp. 9-1101; effective, T-85-32, Dec. 19, 1984; effective May 1, 1985; r…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 18.—Open-End Investment Companies (not in active use) 17-18-2. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 1984 Supp. 9-1101; effective, T-85-32, Dec. 19, 1984; effective May 1, 1985; r…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 18.—Open-End Investment Companies (not in active use) 17-18-3. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 1984 Supp. 9-1101; effective, T-85-32, Dec. 19, 1984; effective May 1, 1985; r…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 18.—Open-End Investment Companies (not in active use) 17-18-4. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 1984 Supp. 9-1101; effective, T-85-32, Dec. 19, 1984; effective May 1, 1985; a…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 19.—Bank Subsidiaries Engaged in Securities Activities 17-19-1. Organization; application approval. (a) Prior to its organization to engage in securities activities in this state, each bank subsidiary…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 19.—Bank Subsidiaries Engaged in Securities Activities 17-19-2. Registration and licensing; violations; examination. (a) Prior to engaging in securities activities, each bank subsidiary shall comply w…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 19.—Bank Subsidiaries Engaged in Securities Activities 17-19-3. Wholly-owned subsidiary; leasing; employees; office location. (a) Each bank subsidiary engaged in securities activities shall be a wholl…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 19.—Bank Subsidiaries Engaged in Securities Activities 17-19-4. Capital; lending limit. The aggregate of unsecured loans and capital investments to each bank subsidiary by each parent bank shall not e…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 20.—Employment 17-20-1. Employment; security background check. (a) Each Deputy Commissioner, Special Assistant or other employee necessary to properly discharge the duties of the office shall submit t…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-1. Definitions. For purposes of this article, the terms used shall have the meanings attribut…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-2. Application. (a) With the approval of the commissioner, any bank holding company may acqui…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-3. Contents of application. (a) Each applicant shall respond accurately and fully to all ques…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-4. Filing of application. (a) Within 14 calendar days of the date any agreement to purchase a…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-5. When complete. An application filed pursuant to K.S.A. 9-532 shall be complete when: (a) t…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-6. Concurrent jurisdiction. (a) Examinations of the applicant, its subsidiaries and its affil…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-7. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 9-524; effective Aug. 10, 1992;…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 21.—Bank Holding Companies; Application for the Acquisition of a Kansas Bank or Bank Holding Company 17-21-8. Application; request for additional information. An application filed pursuant to K.S.A. 1…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 22.—Application Fees 17-22-1. Application fees. (a) At the time of filing any application described below, the applicant shall remit to the office of the state bank commissioner the following nonrefun…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-1. Definitions. For the purposes of article 23, the following definitions shall apply. (a) "Account" means the trust, estate or other fiduciary relationship that has been e…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-10. Surrender of fiduciary powers. Any bank or trust company which has been granted the right to exercise fiduciary powers and which desires to surrender such right shall f…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-11. Collective investment. (a) Funds held by a bank or trust company as fiduciary may be invested collectively in either of the following: (1) A common trust fund maintaine…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-12. Record-keeping for securities transactions. Each bank or trust company effecting securities transactions for customers shall maintain the following records with respect…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-13. Form of notification for securities transactions. Each bank or trust company effecting a securities transaction for a customer shall maintain for at least three years a…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-14. Time of notification for securities transactions. The time for mailing or otherwise furnishing the written notification described in K.A.R. 17-23-13 shall be five busin…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-15. Revoked. (Authorized by K.S.A. 9-1713; implementing K.S.A. 9-1601, K.S.A. 9-2103; effective Feb. 28, 1994; revoked Jan. 18, 2002.)

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-16. Location of trust documents. (a) Unless an exception is granted by the commissioner, all of the original governing instruments establishing a fiduciary relationship wit…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-2. Adoption of policies and procedures with respect to brokerage placement practices. (a) Each bank or trust company exercising investment discretion, as defined in subsect…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-3. Administration of fiduciary powers. (a) The board of directors shall be responsible for the proper exercise of fiduciary powers by the bank or trust company. (1) All mat…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-4. Books and accounts. (a) Each bank or trust company exercising fiduciary powers shall retain fiduciary records which shall be kept separate and distinct from other record…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-5. Audit of trust activities. (a) The board of directors, or an audit committee designated by the board of directors, shall make a thorough examination of the books, record…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-6. Funds awaiting investment or distribution. (a) Funds held by a bank or trust company in a fiduciary capacity that are awaiting investment or distribution shall not be he…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-7. Investment of funds held as fiduciary. Funds held by a bank or trust company in a fiduciary capacity shall be invested in accordance with any one or more of the followin…

Kansas Administrative Regulations Office of the State Bank Commissioner Article 23.—Trust Supervision 17-23-8. Self-dealing. (a) Unless lawfully authorized by the instrument creating the relationship, by court order or by the laws of the state of Kansas, funds of a fiduciary acco…