52-501. History: L. 1905, ch. 310, § 58; R.S. 1923, 52-501; Repealed, L. 1965, ch. 564, § 416; January 1, 1966. CASE ANNOTATIONS 1. Corporation officer may maintain action on notes owned by corporation. Bank v. Kinnett, 113 Kan. 360, 362, 214 P. 776. 2. Payment by maker extinguishes indebtedness; action by beneficial owner. National Bank v. Greathouse, 114 Kan. 903, 905, 220 P. 1053. 3. Holder in due course may recover on note of incompetent person. First National Bank v. Kallash, 135 Kan. 73, 74, 9 P.2d 670. 4. Holder of negotiable instrument may sue thereon in own name. Howell v. Flora, 155 Kan. 640, 641, 127 P.2d 721. 5. Legal title holder, not the beneficial interest, determines proper party plaintiff in suit for collection. Howell, Trustee v. Wilson, 192 Kan. 223, 225, 387 P.2d 193. 6. Mentioned; provisions of N.I.L. apply to checks. Glenn v. Lukenbill, 192 Kan. 514, 517, 389 P.2d 792. 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