Kansas SB301 allows the state bank commissioner to revoke a fiduciary financial institution charter, pending legislative coordinating council.
Kansas SB301 amends the technology-enabled fiduciary financial institutions act by authorizing the state bank commissioner to revoke a fiduciary financial institution charter. The revocation requires approval from the legislative coordinating council. The bill also revises definitions and provisions related to fiduciary financial institutions, including changes to the square footage requirement for qualified investments and the definition of an excluded fiduciary. The act is set to take effect upon publication in the statute book.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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