Kansas Statutes
§ 55-1405 — Same; limited effect of indefinite escalator clauses; price calculated monthly; exceptions
Kansas § 55-1405
This text of Kansas § 55-1405 (Same; limited effect of indefinite escalator clauses; price calculated monthly; exceptions) 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. § 55-1405 (2026).
Text
Notwithstanding the restriction on the operation of indefinite price escalator clauses imposed by K.S.A. 55-1404, after March 1, 1979, such indefinite price escalator clauses in gas purchase contracts subject to this act may be given effect in accordance with their terms to the extent that the price payable under such contracts is not increased above the maximum price such gas would receive if it qualified under section 109(b) of the natural gas policy act of 1978. The maximum price shall be calculated on a monthly basis. Nothing in this section shall be construed to apply to gas produced from new wells, new reservoirs or stripper wells as defined by this act.
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Related
Pickrell Drilling Co. v. State Corp. Commission
654 P.2d 477 (Supreme Court of Kansas, 1982)
Legislative History
L. 1979, ch. 171, § 5; May 29.
Nearby Sections
15
§ 55-1,101
Definitions§ 55-1,105
Rules and regulations§ 55-1,108
Contractual obligations, when amended§ 55-1,110
Severability§ 55-1,111
Commission review of exit tap on gathering system, access, service, abandonment; procedure§ 55-1,116
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Bluebook (online)
Kansas § 55-1405, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/55-1405.