17-1219. History: L. 1923, ch. 73, § 1; R.S. 1923, 17-1219; Repealed, L. 1929, ch. 140, § 28; July 1. CASE ANNOTATIONS 1. Note issued for stock held nonnegotiable. Hayter v. Dinsmore, 125 Kan. 749, 265 P. 1112; Fidelity State Savings Bank v. Franz, 128 Kan. 500, 278 P. 718. 2. Note invalid if statute not complied with. Fidelity State Bank v. Evans, 129 Kan. 199, 200, 282 P. 591. 3. Act liberally construed; common-law trust exchange without permit held void. Wigington v. Mid-Continent Royalty Co., 130 Kan. 785, 789, 288 P. 749. 4. What constitutes "association" within meaning of statute considered. Mellies v. Heilman, 131 Kan. 230, 234, 289 P. 421. 5. Note given for stock void unless fact written on face. National Bank v. White, 133 Kan. 490, 491, 492, 1 P.2d 257. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026