Kansas House endorses bill to protect state's financial interests if Beneficient collapses

Kansas House endorses bill to protect state's financial interests if Beneficient collapses

Wichita Republican Rep. Nick Hoheisel, center left, is urging lawmakers to support a bill protecting the state's interests if Beneficient, a Texas company granted a unique Kansas bank charter in 2021, falls into bankruptcy or is declared insolvent. (Photo by Tim Carpenter/Kansas Reflector)TOPEKA — The Kansas House offered preliminary support Tuesday for a bill forbidding any state agency from serving as receiver of the Texas-based business grant…

House backs bill tied to Beneficient - The Iola Register

The Kansas House unanimously passed a bill barring state agencies from taking control of troubled Texas-based company Beneficient amid financial scandals. TOPEKA — The Kansas House unanimously approved Wednesday a bill forbidding any state agency from serving as receiver of the Texas-based business granted a state bank charter five years ago but since then undermined by financial scandals prompting indictment of the company’s former CEO. The Kan…