Ch. 82             1997 Session Laws of Kansas             307

Chapter 82


An Act concerning fiduciary security transfers; relating to tax obligations;
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. This act The uniform act for the simplification of fiduciary se-
curity transfers
does not affect any obligation of a corporation or transfer
agent with respect to estate, inheritance, succession or other taxes im-
posed by the laws of this state. For purposes of the lien imposed by K.S.A.
79-1569, and amendments thereto, however, a transfer made under the
provisions of such act shall be deemed to have been made in accordance
with law, and a corporation or transfer agent need not require that a
fiduciary furnish a consent to transfer as proof of release of the lien prior
to the completion of a transfer made under the provisions of such act.

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 K.S.A. 17-4911 is hereby repealed.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.

Approved April 10, 1997.