17-4626. Recordation of mortgages, effect thereof. Any mortgage, deed or trust or other instrument executed by a cooperative doing business in this state pursuant to this act, which affects real and personal property and which is recorded in the real property records in any county in which such property is located or is to be located, shall have the same force and effect as if the mortgage, deed of trust or other instrument were also recorded, filed or indexed as provided by law in the proper office in such county as a mortgage of personal property. All after-acquired property of such cooperative described or referred to as being mortgaged or pledged in any such mortgage, deed of trust or other instrument, shall become subject to the lien thereof immediately upon the acquisition of such property by such cooperative, whether or not such property was in existence at the time of the execution of such mortgage, deed or trust or other instrument.
Recordation of any such mortgage, deed of trust or other instrument shall constitute notice and otherwise have the same effect with respect to such after-acquired property as it has under the laws relating to recordation, with respect to property owned by such cooperative at the time of the execution of such mortgage, deed of trust or other instrument and therein described or referred to as being mortgaged or pledged thereby. The lien upon personal property of any such mortgage, deed of trust or other instrument shall, after recordation thereof, continue in existence and of record for the period of time specified therein without the refiling thereof or the filing of any renewal certificate, affidavit or other supplemental information required by the laws relating to the renewal, maintenance or extension of liens upon personal property.
History: L. 1941, ch. 185, ยง 26; June 30.
Structure Kansas Statutes
Article 46 - Electric Cooperative, Nonprofit, Membership Corporations
17-4607 Articles of incorporation.
17-4612 Board of trustees; compensation, when; terms; quorum.
17-4614 Officers; election; agents and employees; removal.
17-4615 Amendment of articles of incorporation.
17-4616 Change of location of principal office.
17-4619 Effect of consolidation or merger.
17-4622 Filing of articles; fees.
17-4624 Disposition of property.
17-4625 Nonliability of members for debts of cooperative.
17-4626 Recordation of mortgages, effect thereof.
17-4628 Trustees, officers or members may take acknowledgments.
17-4630 Jurisdiction of the state corporation commission.
17-4631 Same; approval of mergers and consolidations.
17-4632 Securities act exemption.
17-4634 Annual report; annual report fee. [See Revisor's Note]
17-4635 Application of general corporation code.
17-4653 Purpose; incorporators.
17-4656 Articles of incorporation.
17-4660 Same; waiver of notice.
17-4663 Articles of incorporation; amendment.
17-4665 Principal office, change of location.
17-4666 Merger or consolidation.
17-4669 Excess revenues, distribution to members.
17-4670 Disposition of property.
17-4671 Nonliability of members for debt of cooperative.
17-4672 Recordation of instruments, effect.
17-4673 Actions or suits affecting easement or lease.
17-4674 Qualifications to take acknowledgments.
17-4675 State corporation commission; jurisdiction; approval of merger or consolidation.
17-4676 Exemption from securities act.
17-4677 Annual report; annual report fee. [See Revisor's Note]
17-4678 Payment of costs associated with distribution and transmission.
17-4679 Payment of costs of certificated retail electric provider.