Attorney General Opinion No. 1984-084

Download or read book Attorney General Opinion No. 1984-084 written by Robert T. Stephan and published by . This book was released on 1984 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: K.S.A. 25-1709 prohibits corporations carrying on the business of a bank from making contributions to political parties. As previously discussed in Attorney General Opinion No. 82-280, the "business of a bank" involves accepting deposits, allowing withdrawals, and paying interest on accounts. As a company which owns all or a portion of the stock of a bank is itself not engaged in the busines of banking, it is not subject to the prohibitions of the statute, and may make contributions to political campaigns or political parties, subject to applicable federal laws. Cited herein: K.S.A. 9-504, 9-505a, 9-701, K.S.A. 1983 Supp. 9-1101, as amended by L. 1984, ch. 48, section 4, K.S.A. 1983 Supp. 25-1709, K.S.A. 25-1710, 2 U.S.C.A. section 441b, 11 C.F.R. sections 114.1, 114.2.