1. (a) Each bank or trust company exercising fiduciary powers shall retain fiduciary records which shall be kept separate and distinct from other records of the bank or trust company.
2. (b) Each such bank or trust company shall keep an adequate record of all pending litigation to which it is a party in connection with its exercise of fiduciary powers.
3. (c) Each bank or trust company shall keep a record of all written complaints and related correspondence concerning any fiduciary account.

4. (d) A bank or trust company shall retain the records required by this article for:

   1. (1) a period of three years from the later of:

      1. (A) termination of the fiduciary account relationship to which the records relate;
      2. (B) termination of litigation relating to such account; or
      3. (C) the next examination; or
   2. (2) a longer minimum retention period if one is prescribed by K.A.R. 17-15-1 and amendments thereto.

(Authorized by K.S.A. 9-1713; implementing K.S.A. 9-1130, K.S.A. 9-1603, K.S.A. 9-1608, K.S.A. 9-2103; effective Feb. 28, 1994.)