17-9-8

Kan. Admin. Regs. § 17-9-8

Investment securities; trustee.

Effective Aug 9, 1996Authorized by K.S.A. 9-1713; implementing K.S.A. 1995 Supp. 9-1101Office of the State Bank Commissioner

Where the investment security is issued under a trust agreement, the agreement shall provide for a trustee independent of the obligor. The trustee shall be a bank or trust company.

(Authorized by K.S.A. 9-1713; implementing K.S.A. 1995 Supp. 9-1101; effective Aug. 9, 1996.)