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29,249 statutes · page 1,455 of 1,463
United States — Kansas
1 provisions
A mortgage company may send a cure notice after 10 days of default, and the consumer may cure within 20 days after notice by paying the overdue sums and late fees.
United States — Kansas
1 provisions
This section names the act and defines key terms used in it.
United States — Kansas
1 provisions
This section requires a fiduciary financial institution to get state approval before organizing or doing fidfin, custodial, or trust business in Kansas, and sets application, distribution, and oversight conditions.
United States — Kansas
1 provisions
This provision sets application fees, annual assessment rules, payment timing, and how collected money is remitted and split between state funds.
United States — Kansas
1 provisions
This section says when chapter 9 of the Kansas banking code applies to fiduciary financial institutions, and when this act controls instead.
United States — Kansas
1 provisions
Fiduciary financial institutions meeting listed conditions must keep required capital at $250,000 and split capital into specified percentages.
United States — Kansas
1 provisions
This provision sets how a fiduciary financial institution’s board is structured, how annual meetings are held, and what filings and oaths must be sent to the commissioner.
United States — Kansas
1 provisions
A fiduciary financial institution must report to the commissioner and use GAAP-based reporting and a specified solvency calculation; the state banking board and commissioner must consider several factors when examining the institution.
United States — Kansas
1 provisions
A fiduciary financial institution may use its own name or advertising to identify itself, but it generally may not use “bank” or “trust company,” or imply a Kansas government connection, unless approved by the commissioner in writing.
United States — Kansas
1 provisions
A fiduciary financial institution must keep suitable office space in an economic growth zone, have at least three employees in Kansas, and meet principal office setup requirements.
United States — Kansas
1 provisions
A fiduciary financial institution may exercise listed powers, through its board or authorized officers or agents, if allowed by law.
United States — Kansas
1 provisions
A fiduciary financial institution may do certain fidfin transactions if the instrument authorizes them, and it must distribute the required amount and disclose required customer information.
United States — Kansas
1 provisions
A fiduciary financial institution may hire and license outside parties for fiduciary-related services, but must notify the commissioner when it engages a party under subsection (a).
United States — Kansas
1 provisions
A fiduciary financial institution may act as custodian for an asset custody account, but must meet specified compliance, IT, AML, and fiduciary-duty requirements when doing so.
United States — Kansas
1 provisions
An instrument for a trust advisor may give that advisor some or all trustee-like rights and powers, and it limits the advisor’s liability unless the instrument says otherwise.
United States — Kansas
1 provisions
An excluded fiduciary is largely shielded from liability and from certain review, communication, and fiduciary-duty obligations tied to the trust advisor’s directions.
United States — Kansas
1 provisions
A trust advisor is presumed to be a fiduciary when acting under this act, and accepting the appointment submits the advisor to Kansas court jurisdiction.
United States — Kansas
1 provisions
An entity appointed as a trust advisor is exempt from article 8 of chapter 9 only if it meets listed conditions and notifies the commissioner within 30 days.
United States — Kansas
1 provisions
An instrument may indemnify a trust advisor or fiduciary financial institution, but not for fiduciary breaches committed in bad faith, intentionally, or with reckless indifference to a beneficiary’s interest.
United States — Kansas
1 provisions
If a fidfin trust sets trustee compensation, the trustee is paid under those terms, but the amount can be changed with trustee approval and unanimous beneficiary consent, and a court may sometimes allow more.