9-511. Same; inapplicability of act to certain businesses and activities. The following persons shall be exempt from the provisions of this act:
(a) (1) Banks, building and loan associations, savings and loan associations, savings banks or credit unions organized under the laws of and subject to the supervision of this state, another state or the United States;
(2) service providers that: (A) By written agreement with the exempt entities listed in (a)(1), provide for receipt and delivery of funds, network access, processing, clearance or settlement services in support of money transmission activities; and (B) allow the state or federal regulators with regulatory jurisdiction over the exempt entity to examine and inspect the applicable records, books and transactions relating to the service provider;
(3) the government of the United States and its agencies, including agents of the government and its agencies; or
(4) the state of Kansas and its agencies, including agents of the state of Kansas and its agencies.
(b) This act also shall not apply to the distribution, transmission or payment of money as a part of the lawful practice of law, bookkeeping, accounting or real estate sales or brokerage or as an incidental and necessary part of any lawful business activity.
History: L. 1967, ch. 73, § 4; L. 1989, ch. 48, § 10; L. 1990, ch. 53, § 1; L. 2006, ch. 113, § 8; L. 2012, ch. 161, § 7; L. 2013, ch. 45, § 4; L. 2015, ch. 33, § 4; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 5 - Miscellaneous Provisions
9-508 Kansas money transmitter act; definitions.
9-510 Same; engaging in business; locations; licensee requirements.
9-510a Same; authorized charges for transmission.
9-511 Same; inapplicability of act to certain businesses and activities.
9-512 Same; penalties for violations.
9-513 Same; invalidity of part; interpretation of act.
9-513a Same; issuance of license; revocation of license, when.
9-513b Money transmitter; permissible investments; requirements.
9-513c Same; confidential information; release of, when.
9-513d Citation of Kansas money transmitter act; rules and regulations.
9-513e Same; change in executive officers or directors; fingerprinting.
9-519 Bank holding companies; definitions.
9-520 Same; ownership limitations; exceptions.
9-533 Same; application; required information.
9-534 Same; application; approval; factors.
9-535 Same; approval of application; applicant right to appeal.
9-536 Same; subject to change of control provisions.
9-537 Same; review of operations by commissioner; additional information.
9-540 Foreign bank prohibited from having branch bank in state.
9-541 Acquisition of bank by out-of-state bank holding company; age limitation; exceptions.