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SB300: Prohibiting the office of the state bank commissioner or any other state agency from becoming a receiver for a technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy.
Passed ChamberSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill prevents the state bank commissioner or other state agencies from taking control of a technology-enabled financial institution that goes bankrupt. Instead, it would look for another solution.
Who This Affects
Kansans who use services provided by these institutions, such as trust and estate management, may be affected if their institution becomes insolvent. This could impact individuals, families, or small businesses relying on these services.
Key Provisions
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Timeline
Introduced
Sunday, January 11, 2026
Last Action
Senate Enrolled and presented to Governor on Friday, April 17, 2026
Apr 9, 2026
Sponsors
No sponsors listed.
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