Home/Kansas/Statutes/Ch. 40: INSURANCE/Art. 3: ORGANIZATION, MERGER OR CONSOLIDATION OF STOCK COMPANIES/§ 40-302
Kansas Statutes

§ 40-302 — Minimum capital; par value of stock

Kansas § 40-302
JurisdictionKansas
Ch. 40INSURANCE
Art. 3ORGANIZATION, MERGER OR CONSOLIDATION OF STOCK COMPANIES

This text of Kansas § 40-302 (Minimum capital; par value of stock) 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. § 40-302 (2026).

Text

Every insurance company organized under the provisions of this article shall have a minimum capital as provided by the articles of this code relative to the particular purpose or purposes for which such company is organized, and the shares of capital stock shall have a par value which shall be fixed by the articles of incorporation.

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Legislative History

L. 1927, ch. 231, 40-302; June 1.

Nearby Sections

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§ 40-1001
Mutual company for insurance against fire, lightning, tornado, hail or explosion; exceptions; extended coverage endorsements; limitations
§ 40-1001a
Authority to insure glass breakage, vandalism and theft in addition to coverage under K.S.A. 40-1001; reserve fund and security deposit; requirements
§ 40-1002
Classification of insurable property
§ 40-1003
No policy issued until required application, premium notes and securities received
§ 40-1004
Directors; election; vacancy
§ 40-1005
Annual meeting of members; proxies
§ 40-1006
Officers; election; term
§ 40-1007
Deposit notes
§ 40-1008
Liability for losses; assessments; indebtedness
§ 40-1009
Recovery of assessments or on notes; cash policies not assessable
§ 40-101
Name
§ 40-1010
Suits for collection of assessments; liability of officers and directors; suits against company for losses
§ 40-1011
Property to be assessed and taxed
§ 40-1012
Bylaws
§ 40-1013
Classification of risks
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Bluebook (online)
Kansas § 40-302, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/40-302.