Kansas § 40-776 Same; obligation of new corporation to perform obligations of society; preservation of pending legal actions

Kansas Statutes

§ 40-776 — Same; obligation of new corporation to perform obligations of society; preservation of pending legal actions

Kansas § 40-776

Ch. 40INSURANCE

Art. 7FRATERNAL BENEFIT SOCIETIES

This text of Kansas § 40-776 (Same; obligation of new corporation to perform obligations of society; preservation of pending legal actions) 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. § 40-776 (2026).

Text

Such organized and converted corporation shall be obliged to carry out and perform all of the obligations of every kind and character owing by the former fraternal benefit society to the holders of its policies or beneficial certificates, and the same may be enforced against it to the extent as if the policies and benefit certificates had been issued by it after conversion. Any pending actions at law wherein the former fraternal benefit society was a party shall be unaffected by the conversion thereof and shall be prosecuted by or against such reorganized and converted corporation the same as if the conversion had not taken place.

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Such organized and converted corporation shall be obliged to carry out and perform all of the obligations of every kind and character owing by the former fraternal benefit society to the holders of its policies or beneficial certificates, and the same may be enforced against it to the extent as if the policies and benefit certificates had been issued by it after conversion. Any pending actions at law wherein the former fraternal benefit society was a party shall be unaffected by the conversion thereof and shall be prosecuted by or against such reorganized and converted corporation the same as if the conversion had not taken place.