17-2032. Same; conditions precedent to beginning business; liability for violations. No business trust shall transact any business in this state, except such as may be incidental to its organization, until it has fully complied with K.S.A. 17-2030 and 17-2031, and in event of any violation hereof all trustees of such business trust, except those who filed their written dissent in the office of the secretary of state before such business was transacted, shall be jointly and severally liable for all debts and obligations of the business trust arising from the business so transacted in this state prior to compliance with K.S.A. 17-2030 and 17-2031.
History: L. 1961, ch. 127, ยง 6; April 29.
Structure Kansas Statutes
Article 20 - Trust Companies And Business Trusts
17-2027 Business trust act of 1961.
17-2029 Same; business trust created prior to act.
17-2030 Business trust; required filings, contents.
17-2032 Same; conditions precedent to beginning business; liability for violations.
17-2033 Same; amendments to trust instruments; filing fees.
17-2034 Same; powers; construction of instrument; terms and conditions, binding effect.