16-1007

Chapter 16.--CONTRACTS AND PROMISES

Article 10.--CONTRACTS TO MAINTAIN STOCK OF FARM EQUIPMENT

     
16-1007.   Same; repurchase obligations in bankruptcy.
(a) K.S.A. 16-1002, and amendments thereto, shall apply
to the repurchase obligation of any wholesaler, manufacturer, distributor or
transferee of any wholesaler, manufacturer or distributor who has filed on or
files subsequent to the effective date of this act for protection from
creditors pursuant to 11 United States Code 101 et seq.

     
(b)   K.S.A. 16-1002, and amendments thereto, shall apply to the
repurchase obligation of any wholesaler, manufacturer, distributor or
transferee of any wholesaler, manufacturer or distributor who has a case
pending on the effective date of this act for protection from creditors
pursuant to 11 United States Code 101 et seq.

     
(c)   This section shall be part of and supplemental to article 10 of
chapter 16 of the Kansas Statutes Annotated.

     
History:   L. 1989, ch. 71, § 2; April 20.