78-106. Forfeitures by companies for noncompliance with laws. Any company, doing business under the provisions of this act, which shall fail to comply with any of its provisions, shall forfeit to the state of Kansas for every such failure not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000), to be recovered by suit in the name of the state of Kansas, in the same court in which suit may be brought against such company under the provisions of this act; and such failure shall not affect the validity of any contract entered into by such company.
History: L. 1895, ch. 73, ยง 8; April 12; R.S. 1923, 78-106.
Structure Kansas Statutes
Article 1 - General Provisions
78-101 Sureties; public officers and attorneys ineligible; exception.
78-102 Surety companies; misrepresentation in application no defense.
78-105 Estoppel of company to deny corporate power.
78-106 Forfeitures by companies for noncompliance with laws.
78-107 Limitation of liability of surety.
78-108 Allowance for cost of bond; limitation.
78-109 Bonds of fiduciaries or representatives; amount.
78-111 Official corporate surety bonds; allowance for premiums.