Kansas Statutes 58-3974. Act not applicable in certain instances
Terms Used In Kansas Statutes 58-3974
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: means tangible property or a fixed and certain interest in intangible property that is held, issued or owed in the course of a holder's business, or by a state or other government, governmental subdivision, agency or instrumentality and all income or increments therefrom. See Kansas Statutes 58-3934
- Utility: means a person who owns or operates for public use any plant, equipment, property, franchise or license for the transmission of communications or the production, storage, transmission, sale, delivery or furnishing of electricity, water, steam or gas. See Kansas Statutes 58-3934
(a) The provisions of this act shall not apply to any tangible or intangible personal property which is subject to the provisions of Kan. Stat. Ann. § 8-1101, 8-1102, 9-1918, 10-815, 17-2206a, 19-320, 47-229, 47-230, 47-232, 47-236 through 47-239, 59-514, 59-901 through 59-905, 70-101 through 70-104, and amendments thereto.
(b) This act shall not apply to any personal property which is being administered or has been distributed under the provisions of Kan. Stat. Ann. §§ 59-2701 through 59-2707, and amendments thereto.
(c) This act shall not apply to any patronage dividend or capital credit held or owing by any cooperative association, society or corporation organized under the provisions of Kan. Stat. Ann. § 17-1501 et seq., 17-1601 et seq. or 17-4601 et seq., and amendments thereto.
(d) This act shall not apply to any patronage dividend or any capital credit held or owing by any public utility which is a member-owned nonprofit corporation organized under the provisions of Kan. Stat. Ann. § 17-6001 et seq., and amendments thereto.