9-110. History: L. 1897, ch. 47, § 10; R.S. 1923, § 9-110; L. 1937, ch. 75, § 1; Repealed, L. 1947, ch. 102, § 143; June 30. Source or prior law: L. 1891, ch. 43, § 11. CASE ANNOTATIONS 1. Unpaid subscription; transfer of paid-up stock; stockholder remains liable. Putnam v. Hutchison, 4 Kan. App. 273, 45 P. 931. 2. Stockholder estopped by failure to appear and defend upon notice. Warner v. Imbeau, 63 Kan. 415, 65 P. 648. 3. Transfer of stock; shareholders' liability attaches unless transferred on books. Bank v. Strachan, 89 Kan. 577, 132 P. 200. 4. Time when liability matures considered; statute of limitations. Bank Commissioner v. Drury, 105 Kan. 69, 72, 181 P. 559. 5. Statute imposing "double liability" upon stockholders repealed by constitutional amendment. Bank v. Laughlin, 110 Kan. 559, 207 P. 433. Overruled: Bank v. Laughlin, 111 Kan. 520, 207 P. 433. 6. Section valid and in force; not repealed by constitutional amendment. Bank v. Laughlin, 111 Kan. 520, 207 P. 433. 7. Stockholder may not offset his statutory liability by claim as creditor. State Bank v. Reed, 114 Kan. 216, 217 P. 320; Peoples State Bank v. Young, 141 Kan. 807, 44 P.2d 271. 8. Shareholder's liability becomes due as soon as receiver appointed. Kansas State Bank v. Shaible, 118 Kan. 73, 234 P. 40. 9. Effect of previous assessments on subsequent double liability considered. Citizens Bank v. Needham, 120 Kan. 523, 540, 244 P. 7. 10. Time for bringing suit where stock in hands of administrator considered. Farmers State Bank v. Callahan, 123 Kan. 638, 256 P. 961. 11. Bank's unlawful transfer of stock; purchaser's double liability considered. Citizens State Bank v. Burner, 131 Kan. 286, 287, 291 P. 744. 12. Estate of deceased stockholder liable, although ownership not of record. Midwest State Bank v. Sandidge, 131 Kan. 339, 291 P. 766. 13. Trust company held not to be a banking corporation. International Mortgage Trust Co. v. Henry, 139 Kan. 154, 157, 30 P.2d 311. 14. Stock not sold under K.S.A. 9-107, stockholder liable thereon. Farmers State Bank v. Coolbaugh, 141 Kan. 138, 39 P.2d 915. 15. Party acting as director estopped to deny ownership of stock. Johnson v. Wilson, 142 Kan. 777, 778, 52 P.2d 631. 16. Stockholder's right to rescind stock subscription after failure for fraud determined. Citizens State Bank v. Youst, 144 Kan. 720, 721, 723, 62 P.2d 917. 17. Cited; burden upon creditor to prove debtor paid consideration before K.S.A. 67-407 applicable. Citizens State Bank v. Fairchilds, 151 Kan. 882, 883, 101 P.2d 923. 18. Action against executor for deceased stockholder's double liability; district court has jurisdiction. Grinnell State Bank v. Fellhoelter, 153 Kan. 554, 555, 556, 112 P.2d 116. 19. Mentioned; district court action to establish alleged equitable mortgage on personalty constituted demand; probate court jurisdiction. Shields v. Fink, Executrix, 190 Kan. 17, 24, 372 P.2d 252. 20. Priority of payment of double liability over stockholder's other creditors. Wheeler v. Johnson, 26 F.2d 455. 21. Liability is preferred claim, through lien obtained within four months of bankruptcy. Garrison v. Johnson, 66 F.2d 227, 228. 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