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KS SB300
Bill
Status
2/12/2026
Primary Sponsor
Joint Committee on Fiduciary Financial Institutions Oversight
Click for details
AI Summary
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Prohibits the Kansas Office of the State Bank Commissioner and all other state agencies from serving as receiver for any technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy
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Defines insolvency as occurring when a fiduciary financial institution's actual cash market value of assets is insufficient to pay creditor liabilities, or when the institution cannot meet creditor demands in the usual and customary manner
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Amends K.S.A. 2025 Supp. 9-2301, incorporating this new prohibition into the existing technology-enabled fiduciary financial institutions act
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Takes effect upon publication in the statute book
Legislative Description
Prohibiting the office of the state bank commissioner or any other state agency from becoming a receiver for a technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy.
Last Action
House Motion to accede adopted; Representative Hoheisel, Representative Stiens and Representative Xu appointed as conferees
3/12/2026