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Kansas Statutes Chapter 9. Banks and Banking; Trust Companies § 9-1719. Change of control; definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Kansas Statutes Chapter 9. Banks and Banking; Trust Companies § 9-1719. Change of control; definitions - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-9-banks-and-banking-trust-companies/ks-st-sect-9-1719/

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