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Code · Kansas · Chapter 9 — Banks And Banking; Trust Companies

9-1409. Securing deposits of public moneys of out-of-state governmental units; when.

63 words·~1 min read·/ks/chapter-9/9-1409

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

9-1409. Securing deposits of public moneys of out-of-state governmental units; when. A Kansas state bank may pledge any of the bank's assets as collateral or otherwise secure the deposits of public money for governmental units located in another state where the Kansas state bank has a branch location, so long as such security is given in accordance with the laws of that state.
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