9-1127a. Same; services which may be performed for depository institutions.
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/ks/chapter-9/9-1127aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 , and amendments thereto, a state bank may invest in a bank service company that performs, and a bank service company 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.