HB 2168--
By Committee on Financial Institutions

AN ACT amending the uniform act for the simplification of fiduciary security transfers; relating to inheritance tax liens; amending K.S.A. 17-4911 and repealing the existing section. Be it enacted by the Legislature of the State of Kansas: Section 1. K.S.A. 17-4911 is hereby amended to read as follows: 17- 4911. (a) This act does not affect any obligation of a corporation or trans- fer agent with respect to estate, inheritance, succession or other taxes imposed by the laws of this state. (b) Notwithstanding the foregoing subsection, no consent to transfer releasing any tax lien imposed by the laws of this state shall be required prior to the transfer of a security to a decedent's spouse where such se- curity was registered exclusively in the name of the decedent or the names of the decedent and decedent's spouse as tenants by the entirety or joint tenants with right of survivorship. Sec. 2. K.S.A. 17-4911 is hereby repealed. Sec. 3. This act shall take effect and be in force from and after its publication in the statute book.