16-1007. Same; repurchase obligations in bankruptcy. - Kansas Statutes

16-1007

Chapter 16.--CONTRACTS AND PROMISES Article 10.--CONTRACTS TO MAINTAIN STOCK OF FARM EQUIPMENT

      16-1007.   Same; repurchase obligations in bankruptcy. (a) K.S.A. 16-1002, and amendments thereto, shall apply to the repurchase obligation of any wholesaler, manufacturer, distributor or transferee of any wholesaler, manufacturer or distributor who has filed on or files subsequent to the effective date of this act for protection from creditors pursuant to 11 United States Code 101 et seq.

      (b)   K.S.A. 16-1002, and amendments thereto, shall apply to the repurchase obligation of any wholesaler, manufacturer, distributor or transferee of any wholesaler, manufacturer or distributor who has a case pending on the effective date of this act for protection from creditors pursuant to 11 United States Code 101 et seq.

      (c)   This section shall be part of and supplemental to article 10 of chapter 16 of the Kansas Statutes Annotated.

      History:   L. 1989, ch. 71, § 2; April 20.