Kansas Statutes 78-106. Forfeitures by companies for noncompliance with laws
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Terms Used In Kansas Statutes 78-106
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
Any company, doing business under the provisions of this act, which shall fail to comply with any of its provisions, shall forfeit to the state of Kansas for every such failure not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000), to be recovered by suit in the name of the state of Kansas, in the same court in which suit may be brought against such company under the provisions of this act; and such failure shall not affect the validity of any contract entered into by such company.