Usury not a defense by corporation

17-7105. Usury not a defense by corporation. No corporation shall plead any statute against usury in any court in any suit instituted to enforce the payment of any bond, note or other evidence of indebtedness issued or assumed by it. History: L. 1972, ch. 52, § 124; July 1. Source or Prior Law: 17-4103; 8 Del. C. § 330. Cross References to Related Sections: Power to borrow money and incur indebtedness, see 17-6102(13). Issuance of bonds or other obligations by corporation surviving or resulting from merger or consolidation, see 17-6710. Sale, lease or exchange of corporate assets and property, see 17-6801. Mortgage or pledge of corporate assets and property, see 17-6802. See also Cross References to Related Sections under article heading. Law Review and Bar Journal References: "The New Kansas Consumer Legislation," Barkley Clark, 42 J.B.A.K. 147, 194 (1973). Warranty violations in tripartite finance lease agreements, Winton A. Winter, Jr., 25 K.L.R. 573, 582 (1977). "Interest Rates in Kansas: The Decline and Fall of Ezekiel," Barkley Clark, 49 J.B.A.K. 81, 92, 94 (1980). "New Kansas Usury Laws and Interest Rate Regulation," Robert G. Martin, 20 W.L.J. 572 (1981). "No Mere Yeoman: Incorporating the Family Farm-Considerations and Consequences," Eric Melgren, 24 W.L.J. 546, 562 (1985). 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