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K.S.A. 9-1127e

Same; investments by savings and loan associations and savings banks

L. 2018, ch. 75, § 2; July 1.

(a) No savings and loan association or savings bank may make any investment under this section if the association's aggregate outstanding investment in a service corporation would exceed 3% of the association's assets. Not less than 1 / 2 of the investment permitted under this section that exceeds 1% of the association's assets shall be used primarily for community, inner city, and community-development purposes.

(b) This section shall be a part of and supplemental to the state banking code.

Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.