Kansas § 40-1010 Suits for collection of assessments; liability of officers and directors; suits against company for losses

Kansas Statutes

§ 40-1010 — Suits for collection of assessments; liability of officers and directors; suits against company for losses

Kansas § 40-1010

Ch. 40INSURANCE

Art. 10MUTUAL FIRE AND TORNADO COMPANIES

This text of Kansas § 40-1010 (Suits for collection of assessments; liability of officers and directors; suits against company for losses) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 40-1010 (2026).

Text

Suits for the collection of any assessment made upon the deposit note of the insured may be brought in a court of competent jurisdiction in the county in which the insured resides; and the officers and directors of any company so formed who shall willfully refuse or neglect to perform the duties imposed upon them by the provisions of this article shall be liable in their individual capacity to the person sustaining such loss. Suits at law may be brought and maintained against any such company by the members thereof for losses sustained, if payment is withheld after such losses have become due.

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Suits for the collection of any assessment made upon the deposit note of the insured may be brought in a court of competent jurisdiction in the county in which the insured resides; and the officers and directors of any company so formed who shall willfully refuse or neglect to perform the duties imposed upon them by the provisions of this article shall be liable in their individual capacity to the person sustaining such loss. Suits at law may be brought and maintained against any such company by the members thereof for losses sustained, if payment is withheld after such losses have become due.