9-1714. Appointment of special deputy bank commissioner. (a) Whenever the commissioner shall determine that the business of any bank or trust company is being conducted in an unlawful or unsound manner, the commissioner may appoint a special deputy bank commissioner who shall immediately take charge of the operation of such bank or trust company for the purpose of resolving any unlawful or unsound condition or operation.
(b) After appointment, the special deputy bank commissioner shall continue to serve under the direction of the commissioner for such period of time as may be deemed reasonable and necessary by the commissioner and, during such period, such special deputy bank commissioner's salary, which shall be determined by the commissioner, and expenses shall be borne by the bank or trust company under supervision.
(c) After such appointment, any such bank or trust company shall have the right to a hearing to be conducted in accordance with the Kansas administrative procedure act. Any final order of the commissioner pursuant to this section is subject to review in accordance with the Kansas judicial review act.
History: L. 1965, ch. 82, § 1; L. 1975, ch. 44, § 35; L. 1988, ch. 356, § 40; L. 2001, ch. 87, § 12; L. 2015, ch. 38, § 105; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 17 - Banking Code; Supervision; Commissioner
9-1701 Examination of banks and trust companies; other reports.
9-1702 Examination of fiduciaries and affiliated organizations and their officers and employees.
9-1704 Reports to commissioner; publication, when.
9-1708 Refusal to be examined; remedy.
9-1709 Failure to respond to a lawful request of the commissioner.
9-1712 Examination of records and investigative materials of commissioner, confidential; disclosure.
9-1713 Adoption of rules and regulations; approval of board.
9-1714 Appointment of special deputy bank commissioner.
9-1715 Special orders; procedures.
9-1716 Powers of commissioner; order restricting declaration and payment of dividends.
9-1717 Prohibition against felon from serving as director, officer or employee.
9-1719 Change of control; definitions.
9-1720 Change of control; approval.
9-1721 Application process; approval factors and criteria; time frame.
9-1722 Application requirements.
9-1724 Exception for mergers resulting in a national bank.
9-1725 Powers of the commissioner during existence of an emergency.