16-116. Agreements by electric or gas public utilities waiving partition rights or restricting alienation of certain properties authorized; application of act. (a) Any two (2) or more persons who own or intend to own, jointly or as tenants in common, any property that is used or is to be used, in whole or in part, for the generation, transmission or distribution of electricity, or for the production, gathering, storage, processing, transmission or distribution of manufactured or natural gas, may enter into an agreement waiving their respective rights with respect to the partition of such property, or otherwise restricting the alienation thereof, for a period of time ending not later than the abandonment of such use. Without limiting the general application of the foregoing, the rule of law commonly known as the rule against perpetuities and the rule of law commonly known as the rule prohibiting unreasonable restraints on alienation of property shall not be applied to invalidate, render unenforceable or otherwise affect any such agreement.
(b) The provisions of this act shall apply to any such agreement entered into either prior or subsequent to the effective date of this act.
History: L. 1969, ch. 304, ยง 2; July 1.
Structure Kansas Statutes
Chapter 16 - Contracts And Promises
Article 1 - General Provisions
16-101 Joint contracts as joint and several.
16-102 Liability of estate of decedent thereon.
16-103 Liability on death of all joint obligors.
16-104 Suit against copartners or joint obligors.
16-105 Release of persons jointly or severally liable.
16-107 Consideration, what imports.
16-109 Contracts for sale of improvements on government lands.
16-110 Conveyances of improvements on public lands.
16-112 Restraint of trade; penalty.
16-113 Appointment of process agent by nonresident contractor; exception; filing.
16-114 Penalty for violating preceding section.
16-117 Credit agreements; definitions.
16-118 Same; requirements; failure to comply.
16-119 Same; declaration of meaning of original act.