Kansas § 58-3071 Same; conditions on court order of directing payment

Kansas Statutes

§ 58-3071 — Same; conditions on court order of directing payment

Kansas·Ch. 58 PERSONAL AND REAL PROPERTY·Art. 30 REAL ESTATE BROKERS AND SALESPERSONS

Any order of the court issued pursuant to K.S.A. 58-3069 shall be conditioned as follows:

(a)Upon receipt by the claimant of the payment from the real estate recovery revolving fund, the claimant shall assign the claimant's right, title and interest in the judgment, to the extent of such payment, to the director of the commission, and thereupon the director shall be subrogated to such right, title and interest of the claimant; and any amount subsequently recovered on the judgment by the director, to the extent of the director's right, title and interest therein, shall be for the purpose of reimbursing the real estate recovery revolving fund.

(b)If the limitations on payments from the real estate recovery revolving fund, as prescribed by K.S.A. 58-3067, preclude payment of the entire amou

Free access — add to your briefcase to read the full text and ask questions with AI

Any order of the court issued pursuant to K.S.A. 58-3069 shall be conditioned as follows:
(a) Upon receipt by the claimant of the payment from the real estate recovery revolving fund, the claimant shall assign the claimant's right, title and interest in the judgment, to the extent of such payment, to the director of the commission, and thereupon the director shall be subrogated to such right, title and interest of the claimant; and any amount subsequently recovered on the judgment by the director, to the extent of the director's right, title and interest therein, shall be for the purpose of reimbursing the real estate recovery revolving fund.
(b) If the limitations on payments from the real estate recovery revolving fund, as prescribed by K.S.A. 58-3067, preclude payment of the entire amount stated in the court's order, the director of the real estate commission shall be obligated to cause payment to be made therefrom only to the extent permitted under K.S.A. 58-3067.

Kansas § 58-3071 (Same; conditions on court order of directing payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.