9-809. Stockholder vote for conversion to national bank; copy of application to commissioner. (a) Any state bank or state trust company may convert to a national bank, federal savings and loan association or federal savings bank upon the affirmative vote of not less than 2/3 of the bank's outstanding voting stock or members.
(b) The state bank or state trust company shall provide a copy of the application submitted to the comptroller of currency to the commissioner within 10 days after the date the state bank or state trust company applies for approval to convert to a national banking association, federal savings and loan association or federal savings bank from the office of the comptroller of the currency.
(c) The state bank or state trust company shall provide to the commissioner written notice of approval by the comptroller of currency to convert to a national bank, federal savings and loan association or federal savings bank within 10 days of receiving the approval.
(d) Within 15 days following the issuance of a charter certificate to the bank or trust company by the comptroller, the state bank or state trust company shall surrender its state certificate of authority or charter and shall certify in writing that notice of the conversion has been given to the Kansas secretary of state's office.
History: L. 1947, ch. 102, § 12; L. 1995, ch. 19, § 1; L. 2015, ch. 38, § 29; L. 2016, ch. 54, § 9; L. 2018, ch. 75, § 9; L. 2021, ch. 78, § 3; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 8 - Banking Code; Organization
9-801 Incorporation; application; criteria for approval of application.
9-802 Date of existence; transaction of business before authorization.
9-803 Renewal and extension of corporation; lapse in authority or existence.
9-804 Certificate of authority; examination; issuance.
9-806 Failure to engage in business; reapplication required.
9-809 Stockholder vote for conversion to national bank; copy of application to commissioner.
9-811 Prohibition against nonbank banks; exceptions.
9-812 Bank change of name; approval required.
9-814 Change of place of business; application and approval process.
9-815 Expenses of examination or investigation; payment; disposition of moneys received.