Statutes > Kansas Statutes > Chapter 9 BANKS AND BANKING; TRUST COMPANIES > Article 11 BANKING CODE; POWERS > 9-1127a. Same; services which may be performed for depository institutions.

9-1127a. Same; services which may be performed for depository institutions.

9-1127a

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES
Article 11.--BANKING CODE; POWERS

      9-1127a.   Same; services which may be performed for depository institutions. Without regard to the provisions of K.S.A. 9-1127b and 9-1127c, a state bank may invest in a bank service corporation that performs, and a bank service corporation may perform, the following services only for depository institutions:

      (a)   Check and deposit sorting and posting, computation and posting of interest and other credits and charges;

      (b)   preparation and mailing of checks, statements, notices and similar items; or

      (c)   any other clerical, bookkeeping, accounting, statistical or similar functions performed for a depository institution.

      History:   L. 1984, ch. 48, § 6; July 1.