Kansas CUSO Legislation Amendment Signed by Governor
TOPEKA, Kan. -- On March 30, Kansas Gov. Kathleen Sebelius signed an amendment that gives credit unions more flexibility with investing in their CUSOs.
Sebelius signed H.B. 2114, an amendment to a law that allows CUs latitude to invest in CUSOs and permits them to operate as limited liability companies and partnerships and capital stock corporations.
Credit unions would also be permitted to make loans to CUSOs, subject to rules and regulations of the state's credit union administrator.