9-2111. Prohibiting out-of-state entity to establish or operate trust facility. - Kansas Statutes

9-2111

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES Article 21.--TRUST COMPANIES

      9-2111.   Prohibiting out-of-state entity to establish or operate trust facility. (a) Except as provided in K.S.A. 9-2107 and amendments thereto, no trust company, trust department of a bank, corporation or other business entity, the home office of which is located outside the state of Kansas, shall establish or operate a trust facility within the state of Kansas.

      (b)   As used in this section, "trust facility" means any office, agency, desk or other place of business, at which trust business, as defined by K.S.A. 9-701 and amendments thereto, is conducted.

      History:   L. 1994, ch. 51, § 3; L. 1994, ch. 294, § 2; May 5.