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10  AN ACT concerning vehicles; relating to terminal rent adjustment clauses
11    commercial and financial institutions and transactions.
12
13  Be it enacted by the Legislature of the State of Kansas:
14    Section 1.  (a) Notwithstanding any other provision of law, an agree-
15  ment involving the leasing of a motor vehicle or trailer does not create a
16  sale or security interest solely because the agreement provides for an
17  increase or decrease adjustment in the rental price of the motor vehicle
18  or trailer based upon the amount realized upon sale or other disposition
19  of the motor vehicle or trailer following the termination of the lease.
20    (b)  This section shall be part of and supplemental to the uniform
21  commercial code-leases.
22    Sec. 2.  Notwithstanding any other law, pursuant to section
23  44(a)(2) of the federal deposit insurance act, 12 U.S.C. 1831u(a)(2),
24  a Kansas bank may not engage in a merger transaction involving
25  an out-of-state bank.
26    Sec. 3.  For the purposes of sections 2 through 4:
27    (a)  ``Bank'' means an insured bank as defined in section 3(h) of
28  the federal deposit insurance act, 12 U.S.C. 1813(h);
29    (b)  ``Kansas bank'' means any bank, as defined in subsection
30    (a), which, in the case of a state chartered bank, is a bank chartered
31  under the authority of the state of Kansas, and, in the case of a
32  national banking association, is a bank with the bank's main office
33  located in Kansas;
34    (c)  ``out-of-state bank'' means a bank that is:
35    (1)  A national bank having the bank's main office in a state
36  other than this state; or
37    (2)  a state-chartered bank chartered by a state other than this
38  state;
39    (d)  ``merger transaction'' has the meaning defined in section
40  44 (f)(7) of the federal deposit insurance act, 12 U.S.C. 1831u(f)(7),
41  and includes 12 U.S.C. 1828(c)(1) and (2).
42    Sec. 4.  The provisions of sections 2 and 3 shall be subject to
43  review by the legislature on or after July 1, 2000.
SB 118--Am. by H
                                     

 1    Sec. 2. 5.  This act shall take effect and be in force from and after its
 2  publication in the statute book.