Kan. Admin. Regs. § 121-4-4

Current through Register Vol. 43, No. 49, December 5, 2024

Section 121-4-4 - Books and accounts

(a) Each corporate credit union exercising fiduciary powers shall retain fiduciary records which shall be kept separate and distinct from other records of the corporate credit union.

(b) Each corporate credit union shall keep an adequate record of all pending litigation to which it is a party in connection with its exercise of fiduciary powers.

(c) Each corporate credit union shall keep a record of all written complaints and related correspondence concerning any account.

(d) Each corporate credit union shall retain the records required by this article for such periods of time as shall be specified in a records retention policy adopted by the corporate credit union and approved by the administrator.

Kan. Admin. Regs. § 121-4-4

Authorized by and implementing K.S.A. 17-2214; effective Jan. 31, 1997.