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 9  AN ACT relating to banks and banking; providing for a prohibition on
10    merger transactions involving out-of-state banks and on interstate
11    branching by merger or acquisition.
12
13  Be it enacted by the Legislature of the State of Kansas:
14    Section 1.  Notwithstanding any other law, pursuant to section
15  44(a)(2) of the federal deposit insurance act, 12 U.S.C. 1831u(a)(2), a
16  Kansas bank may not engage in a merger transaction involving an out-of-
17  state bank.
18    Sec. 2.  For the purposes of this act:
19    (a)  ``Bank'' means an insured bank as defined in section 3(h) of the
20  federal deposit insurance act, 12 U.S.C. 1813(h);
21    (b)  ``Kansas bank'' means any bank, as defined in subsection (a),
22  which, in the case of a state chartered bank, is a bank chartered under
23  the authority of the state of Kansas, and, in the case of a national banking
24  association, is a bank with the bank's main office located in Kansas;
25    (c)  ``out-of-state bank'' means a bank that is:
26    (1)  A national bank having the bank's main office in a state other than
27  this state; or
28    (2)  a state-chartered bank chartered by a state other than this state;
29    (d)  ``merger transaction'' has the meaning defined in section 44 (f)(7)
30  of the federal deposit insurance act, 12 U.S.C. 1831u(f)(7), and includes
31  12 U.S.C. 1828(c)(1) and (2).
32    Sec. 3.  The provisions of this bill shall be subject to review by the
33  legislature on or after July 1, 2000.
34    Sec. 4.  This act shall take effect and be in force from and after its
35  publication in the Kansas register.