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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

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