Kansas Statutes
§ 40-4207 — Membership fees; fiduciary responsibility of plan; deposit in bank account; records
All membership fees collected by a prepaid service plan on behalf of members shall be held by the prepaid service plan in a fiduciary capacity and shall be deposited promptly after receipt in a bank account established and maintained by the prepaid service plan. The prepaid service plan shall maintain records clearly recording the deposits in and withdrawals from such account on behalf of or for each member. The prepaid service plan shall keep copies of all such records.
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Kansas § 40-4207 (Membership fees; fiduciary responsibility of plan; deposit in bank account; records) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1987, ch. 157, § 7; January 1, 1988.
Nearby Sections
15
§ 40-1002
Classification of insurable property§ 40-1004
Directors; election; vacancy§ 40-1005
Annual meeting of members; proxies§ 40-1006
Officers; election; term§ 40-1007
Deposit notes§ 40-101
Name§ 40-1011
Property to be assessed and taxed§ 40-1012
Bylaws§ 40-1013
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