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Minutes for SB405 - Committee on Financial Institutions and Pensions

Short Title

Holding a control person liable for violations of the Kansas uniform securities act by an individual subject to discipline under the act unless the control person was unaware and could not reasonably have known of the violations of such individual.

Minutes Content for Mon, Mar 18, 2024

Chair Hoheisel opened the hearing on SB 405 and recognized David Wiese, Senior Revisor of Statutes, who provided an overview on SB 405, (Attachment1).  Question and answer period followed.

Proponent - Chair Hoheisel recognized Eric Turek, Director of Government and Public Affairs, Kansas Department of Insurance who provide testimony in support of SB 405, (Attachment2).  Question and answer period followed.

Neutral - None

Opponent - None

Chair Hoheisel closed the hearing on SB 405.