Home/Kansas/Statutes/Ch. 40: INSURANCE/Art. 40: CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER/§ 40-4010
Kansas Statutes

§ 40-4010 — Securities issued under plan exempt from securities laws

Kansas·Ch. 40 INSURANCE·Art. 40 CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER
The offer or sale of securities issued under the plan developed and approved in accordance with the provisions of this act shall be exempt from the Kansas securities laws.

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Kansas § 40-4010 (Securities issued under plan exempt from securities laws) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

L. 1985, ch. 154, § 10; L. 1997, ch. 107, § 12; July 1.

Nearby Sections

15
§ 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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