17-1240. History: L. 1929, ch. 140, § 18; L. 1935, ch. 129, § 13; L. 1937, ch. 177, § 1; Repealed, L. 1957, ch. 145, § 23; July 1. CASE ANNOTATIONS 1. Sale of security without permit is not void but voidable. Sauberli v. Sledd, 143 Kan. 350, 354, 55 P.2d 415; Westhusin v. Landowner's Oil Ass'n, 143 Kan. 404, 406, 55 P.2d 406; Fitch v. United Royalty Co., 143 Kan. 486, 55 P.2d 409; Groves v. Home Royalty Ass'n, 145 Kan. 752, 758, 68 P.2d 19. 2. Action to set aside mineral deed held barred. Shaffer v. Kansas Farmers Union Royalty Co., 146 Kan. 84, 87, 88, 69 P.2d 4. 3. Action to rescind held barred hereunder. Hoffman v. Home Royalty Ass'n, 146 Kan. 279, 280, 283, 69 P.2d 741. 4. Tender back of different securities held insufficient under similar Oklahoma act. Glatt v. Newland, 148 Kan. 483, 83 P.2d 663. 5. Construed with K.S.A. 17-1247; 15-year limitation made by 1937 amendment cannot revive previously barred claim; mineral deed is valid until disaffirmed. Terrill v. Hoyt, 149 Kan. 51, 52, 55, 56, 87 P.2d 238. 6. Sale prior to 1929 act without permit was not void but voidable; limitations in 1929 and 1935 acts apply to transactions consummated prior thereto. Weber v. Home Royalty Ass'n, 149 Kan. 678, 682, 683, 88 P.2d 1053. 7. Action to cancel mineral deeds held barred by 1935 act. Tawney v. Blankenship, 150 Kan. 41, 44, 90 P.2d 1111. 8. Evidence held sufficient to submit question to jury; conspiracy, evidence, isolated sale. Mosley v. Unruh, 150 Kan. 469, 470, 471, 473, 95 P.2d 537. 9. Sale made in violation of 1929 act; avoidance by purchaser held barred. Brown Memorial Foundation v. Rohrer, 152 Kan. 291, 293, 295, 103 P.2d 814. 10. Petition sufficiently alleged action against broker for amount paid for undelivered securities. Deruy v. Hurt, 158 Kan. 229, 146 P.2d 363. 11. Broker's bond fixing limitation different than statute; statute controls. Ellsworth v. Hurt, 158 Kan. 232, 233, 146 P.2d 365. 12. Sale of securities without registration; right to register thereafter determined; conditions. State, ex rel., v. Consumers Co-operative Ass'n, 163 Kan. 324, 364, 365, 367, 183 P.2d 423. 13. History of section reviewed; action held barred. Rostocil v. United Oil & Gas Royalty Ass'n, 177 Kan. 15, 24, 25, 274 P.2d 761. 14. Section is for benefit of purchaser not seller. Zehring v. Foster, 184 Kan. 599, 602, 339 P.2d 331. 15. Sales of securities in oil and gas leases exempt under act; isolated transactions. Elting v. Pickett, 190 Kan. 54, 56, 62, 64, 372 P.2d 261. 16. Sale by unregistered broker is voidable at election of purchaser. Setchell v. Moore, 89 F.2d 236, 241. 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