17-6908. Same; compensation, costs and expenses. - Kansas Statutes

17-6908

Chapter 17.--CORPORATIONS Article 69.--INSOLVENCY; RECEIVERS

      17-6908.   Same; compensation, costs and expenses. The district court, before making distribution of the assets of a corporation among the creditors or stockholders thereof, shall allow and pay out of the assets: (1) A reasonable compensation to the receiver for the receiver's services; (2) the cost and expenses incurred in and about the execution of the receivership, including reasonable attorneys' fees; and (3) the costs of the proceedings in the court.

      History:   L. 1972, ch. 52, § 111; L. 2004, ch. 143, § 69; Jan. 1, 2005.