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29,249 statutes · page 1,451 of 1,463
United States — Kansas
1 provisions
The commissioner may close, approve reopening, or approve temporary relocation of certain banks and trust offices during an emergency, and closed institutions must stay closed until the commissioner ends the emergency.
United States — Kansas
1 provisions
Applicants must pay a nonrefundable fee when filing covered applications, unless subsection (b) applies.
United States — Kansas
1 provisions
The state banking board may remove a bank or trust company officer or director for misconduct or repeated noncompliance, and the person can demand a hearing.
United States — Kansas
1 provisions
The commissioner can start enforcement against a bank or trust company by serving charges, and the state banking board can issue a cease-and-desist order after a hearing. The commissioner can also issue a temporary order in urgent cases.
United States — Kansas
1 provisions
The commissioner may impose civil money penalties on banks, trust companies, and certain affiliated persons for unsafe practices or specified violations, with board approval and hearing notice requirements.
United States — Kansas
1 provisions
The commissioner may make informal agreements with a bank or trust company to address certain safety, soundness, or legal concerns when specified conditions are met.
United States — Kansas
1 provisions
The commissioner may enter into a consent order at any time with a bank, trust company, officer, director, employee, agent, or other person.
United States — Kansas
1 provisions
A qualifying corporation may be dissolved by its board of directors if it is not insolvent or critically undercapitalized and has completed liquidation to the commissioner’s satisfaction.
United States — Kansas
1 provisions
A bank or trust company is treated as insolvent if its assets are worth less than its creditor liabilities, or if it cannot meet creditors’ demands in the usual and customary way.
United States — Kansas
1 provisions
A bank or trust company is critically undercapitalized when its capital-to-assets ratio is 2.0% or less.
United States — Kansas
1 provisions
If a bank or trust company is critically undercapitalized or insolvent, the commissioner can take charge and may appoint a special deputy commissioner or a receiver in specified circumstances.
United States — Kansas
1 provisions
If the commissioner appoints a receiver for a bank or trust company, the commissioner must choose FDIC or another qualified receiver, and the receiver must file bond and start the court process; the bank or trust company can seek review on a short deadline.
United States — Kansas
1 provisions
A receiver must take charge of a bank or trust company, liquidate its business, and pay received money to creditors and depositors; the receiver may sell property with district court approval.
United States — Kansas
1 provisions
The federal deposit insurance corporation, or a successor, may act as receiver for an insured bank without giving bond.
United States — Kansas
1 provisions
When the FDIC or a successor accepts appointment as receiver for a bank, all of that bank’s assets, business, and property pass to and vest in the receiver without any separate transfer documents.
United States — Kansas
1 provisions
Depositors and other creditors must file claims with the receiver within one year after the receiver is appointed.
United States — Kansas
1 provisions
Shareholders of a bank or trust company may transfer its assets and property to the commissioner if 2/3 of the outstanding voting stock approves.
United States — Kansas
1 provisions
A receiver for an insolvent bank or trust company may borrow money and pledge its assets only with prior written approval from the commissioner.
United States — Kansas
1 provisions
Bank officers must not agree to accept deposits above insured limits once they know the bank is insolvent or failing, and they must examine the bank’s affairs if possible.
United States — Kansas
1 provisions
In certain deposit-recovery actions, bank officers, agents, and directors may be sued together or separately, and the liability can also be enforced against deceased persons’ executors or administrators.