17-1312d. Maintenance fund; failure to establish or maintain; forfeiture of franchise. - Kansas Statutes

17-1312d

Chapter 17.--CORPORATIONS Article 13.--CEMETERY CORPORATIONS

      17-1312d.   Maintenance fund; failure to establish or maintain; forfeiture of franchise. Any cemetery corporation which shall refuse or neglect to establish or maintain a permanent maintenance fund in accordance with the requirements of this act for each cemetery owned by it for a period of ninety (90) days after demand to do so is made upon it by the secretary of state shall be deemed to have forfeited its franchise. The attorney general, upon the request of the secretary of state, shall then begin action for the appointment of a receiver for such cemetery corporation and to dissolve the same.

      History:   L. 1968, ch. 330, § 8; L. 1974, ch. 95, § 4; July 1.