Kansas 2025-2026 Regular Session

Kansas Senate Bill SB139

Introduced

1/31/25

Refer

2/3/25

Report Pass

2/17/25

Engrossed

2/20/25

Refer

2/20/25

Report Pass

3/10/25

Enrolled

4/10/25

Passed

4/10/25

Caption

Updating certain definitions, terms and conditions relating to the state banking code.

Impact

The modifications proposed in SB139 are expected to clarify and streamline various banking operations within Kansas. By mandating detailed regulatory oversight for changes such as establishing or relocating trust service offices, the bill seeks to ensure that banks operate under consistent guidelines that promote stability and trust in banking services. Moreover, the repeal of outdated statutes is set to enhance regulatory efficiency and reduce confusion in legal interpretations related to banking operations.

Summary

Senate Bill 139 aims to update the Kansas state banking code by refining certain definitions, terms, and conditions related to banks and trust companies. It also establishes guidelines for the operation of trust service offices, regulates the activities and conditions for banks and trust companies to carry out their businesses, and mandates the need for immediate notification to the commissioner regarding changes in board members. Additionally, the bill outlines processes for merging banks and stipulates the legal requisites for engaging in banking activities without prior authority from the commissioner.

Sentiment

The sentiment surrounding Senate Bill 139 appears to be generally supportive among those involved in the banking sector, including legislators focused on modernizing regulations to meet current banking practices. There does not seem to be significant opposition noted in the discussions; however, the introduction of stringent requirements and clarity in enforcement could raise concerns regarding the operational freedom of smaller banks and trust entities who may find the compliance burden overwhelming.

Contention

One notable point of contention may arise from the requirement of immediate notifications of board member changes and the implications this has for operational autonomy within banking institutions. While the intent is to increase accountability and alertness regarding governance changes, critics may argue that it introduces an additional layer of bureaucracy that could hinder swift decision-making processes crucial for banking operations.

Latest KS SB139 Activity

View All Events: KS 2025-2026 Regular Session SB139

Companion Bills

No companion bills found.

Previously Filed As

KS SB356

Updating certain terms, definitions and conditions relating to the requirements of certain insurance reports, examinations and transactions.

KS HB2787

Updating certain definitions, terms, conditions and provisions related to the Kansas insurance guaranty association act and Kansas life and health insurance guaranty association act.

KS SB495

Modifying certain terms, definitions, deadlines and provisions contained in the uniform consumer credit code and transferring certain mortgage provisions from the uniform consumer credit code to the Kansas mortgage business act.

KS HB2812

KS HB2455

Updating the Kansas general corporation code, the business entity transactions act, the business entity standard treatment act, the Kansas revised uniform limited partnership act and the Kansas uniform partnership act.

KS SB244

House Substitute for SB 244 by Committee on Judiciary - Updating the Kansas general corporation code, the business entity transactions act, the business entity standard treatment act, the Kansas revised uniform limited partnership act and the Kansas uniform partnership act.

KS HB2758

Updating the definition of armed forces and updating such definition to include the space force.

KS HB2437

Updating certain terms, requirements and fees contained in the Kansas pet animal act.

KS SB292

Updating statutes related to the Kansas army and air national guard, providing for the appointment of a state judge advocate, providing for the adjustment of death and disability benefits and updating the Kansas code of military justice relating to certain definitions, unlawful acts and punishment requirements thereof.

KS HB2247

Senate Substitute for HB 2247 by Committee on Financial Institutions and Insurance - Modifying certain terms, definitions, deadlines and provisions contained in the uniform consumer credit code and transferring mortgage provisions from the uniform consumer credit code to the Kansas mortgage business act.

Similar Bills

AR SB230

To Repeal The Arkansas Trust Institutions Act; And To Create The Arkansas Trust Institutions Act Of 2025.

KS HB2334

Enacting the Kansas protected cell captive insurance company act, providing for the redomestication of a foreign or alien captive insurance company and updating certain terms, requirements and conditions of the captive insurance act, reducing insurance company premium tax rates, creating parity between the insurance agent and public adjuster licensing requirements, authorizing insurers to file certain travel insurance policies under the accident and health line of insurance and authorizing the commissioner of insurance to select and announce the version of certain instructions, calculations and documents in effect for the upcoming calendar year and cause such announcement to be published in the Kansas register not later than December 1 of the current year.

KY HB726

AN ACT relating to the regulation of financial institutions.

CT HB05053

An Act Strengthening Connecticut's Insurance Industry Competitiveness.

KS HB2404

Enacting the Kansas protection of pensions and businesses against ideological interference act, relating to ideological boycotts involving environmental, social or governance standards, requiring KPERS to divest from and prohibiting state contracts or the deposit of state moneys with entities engaged in such boycotts as determined by the state treasurer and prohibiting discriminatory practices in the financial services industry based on such boycotts.