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.
History: L. 2015, ch. 38, ยง 1; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 14 - Banking Code; Deposit Of Public Moneys
9-1401 Designation of depositories for public funds; duty of public officers; agreements.
9-1402 Securing the deposits of public funds.
9-1403 Securities for deposits of public funds; exemption during peak deposits.
9-1406 Exemption from liability for loss by official depository.
9-1407 Exemption of security for insured portion of public deposits; reciprocal deposit programs.
9-1409 Securing deposits of public moneys of out-of-state governmental units; when.