17-2227. Information concerning credit unions; disclosure authorized; otherwise confidential; exceptions.
238 words·~1 min read·
/ks/chapter-17/17-2227A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17-2227. Information concerning credit unions; disclosure authorized; otherwise confidential; exceptions.
(a)All information secured or produced by the administrator in making an investigation or examination of any credit union shall be deemed confidential information.
(b)All such confidential information shall be the property of the state of Kansas and shall not be subject to disclosure except upon written approval of the administrator.
(c)Confidential information may be disclosed to federal or state agencies when necessary in the performance of their official duties or functions. No employees of such agencies may disclose such confidential information without express written authorization of the administrator.
(d)Confidential information may be disclosed to the private insurer of any credit union regarding the credit union insured by such insurer when necessary in the performance of their official duties or functions. No employees of such private insurer may disclose such confidential information without express written authorization of the administrator.
(e)Confidential information may be released to other third parties if, in the administrator's determination, good cause exists for the disclosure. The administrator shall give prior notice of intent to disclose such information to the affected credit union. No person or other third party may disclose such confidential information without express written authorization of the administrator.
(f)Confidential information shall not otherwise be disclosed except as rendered necessary by law or under order of the court in an action involving credit unions or in criminal actions.