9-2011.
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/ks/chapter-9/9-2011A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9-2011. Unlawfully engaging in the banking or trust company business; authorization of commissioner required before engaging in the banking or trust business; criminal penalty.
(a)It shall be unlawful for any individual, firm or corporation to advertise, publish or otherwise promulgate that such individual, firm or corporation is engaged in the banking business without first having obtained authority from the commissioner, unless its deposits are federally insured and either chartered in Kansas, another state or the federal government.
(b)It shall be unlawful for any individual, firm or corporation to advertise, publish or otherwise communicate that such individual, firm or corporation is engaged in the trust business without first having obtained authority from the commissioner, unless the entity is a federally insured bank or credit union and has authorization from another state or the federal government to engage in trust business in Kansas.
(c)Any such individual or member of any such firm or officer of any such corporation violating this section, upon conviction, shall be guilty of a class A, nonperson misdemeanor.