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29,249 statutes · page 1,449 of 1,463
United States — Kansas
1 provisions
During peak deposit periods, the security for certain public fund deposits may be reduced by up to 50%, if the custodian and the bank officer agree.
United States — Kansas
1 provisions
This section sets rules for where certain securities and financial assets securing public deposits must or may be held, and requires written custodial agreements and immediate action if a depository fails to pay.
United States — Kansas
1 provisions
Public officers and their sureties are exempt from liability for losses caused by a designated depository’s failure or default after deposits are made in an officially designated depository.
United States — Kansas
1 provisions
Some insured public deposits do not have to be secured, and certain reciprocal deposit program funds also need not be treated as securities or secured if the stated conditions are met.
United States — Kansas
1 provisions
This provision defines several banking and securities terms used in Article 14.
United States — Kansas
1 provisions
A Kansas state bank may use its assets to secure public deposits for out-of-state governmental units if it has a branch in that state and follows that state’s laws.
United States — Kansas
1 provisions
Banks and similar depositaries that hold public money must secure the uninsured amount with pooled securities, keep records, report monthly, and face sanctions if collateral falls below the statutory level.
United States — Kansas
1 provisions
If a bank, savings and loan association, or savings bank defaults, the administrator must identify the public funds involved, tell each governmental unit what was deposited and what is insured or secured, and repay uninsured amounts after verification. The administrator may also liquidate pledged securities and, if fun
United States — Kansas
1 provisions
Banks, savings and loan associations, and savings banks must report certain public-money and securities information to a governmental unit when asked, by the date the governmental unit sets.
United States — Kansas
1 provisions
Banks, trust companies, and safe deposit corporations may maintain and rent safe deposit boxes, and they must set the hours for entry into the vault.
United States — Kansas
1 provisions
Banks, trust companies, or safe deposit companies with public safe deposit boxes are treated as lessors, and the users are treated as lessees.
United States — Kansas
1 provisions
A safe deposit box can be held jointly by contract, and the contract may let any lessee or surviving lessee access the box and remove its contents.
United States — Kansas
1 provisions
When a safe deposit box lessee dies, the box may be opened and its contents must be handled in the ways this section states.
United States — Kansas
1 provisions
A lessor must disclose, after a lessee’s death and on request by certain public authorities, whether a designated person was the lessee of a safe deposit box at the time of death.
United States — Kansas
1 provisions
A lessor of a safe deposit box has a lien on the box contents and may, after required notice and waiting periods, remove, sell, or in some cases forcibly open the box if rent is unpaid or the lease ends without surrender.
United States — Kansas
1 provisions
Banks may apply for trust authority, but approval depends on the commissioner and a special permit is required before trust business can be conducted, unless a listed exemption applies.
United States — Kansas
1 provisions
The commissioner may revoke a bank’s or trust company’s trust authority if sound fiduciary practices are not followed.
United States — Kansas
1 provisions
Banks that exercise trust authority must segregate fiduciary assets, keep separate fiduciary records, and pledge approved securities for certain trust funds.
United States — Kansas
1 provisions
A bank with trust authority may end its trust business if a majority of outstanding voting stock approves.
United States — Kansas
1 provisions
A bank or trust company may register fiduciary investments in a nominee’s name if it has the required consent, and it remains liable for the nominee’s acts.