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2017 Kansas Statutes
Chapter 9 BANKS AND BANKING; TRUST COMPANIES
Article 17 BANKING CODE; SUPERVISION; COMMISSIONER
9-1719 Change of control; definitions.
Universal Citation: KS Stat § 9-1719 (2017)
9-1719. Change of control; definitions. As used in K.S.A. 9-1719 to 9-1722, inclusive, and amendments thereto:
(a) "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.
(b) "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.
History: L. 1984, ch. 47, § 1; L. 1987, ch. 54, § 9; L. 2015, ch. 38, § 109; July 1.
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