17-4676. Exemption from securities act.
17-4676
17-4676. Exemption from securities act.
The provisions of the Kansas securities act shall not apply to
any note, bond or other evidence of indebtedness issued by any cooperative
doing business in this state pursuant to the renewable energy electric
generation cooperative act to the United States of America or any agency or
instrumentality thereof, or to any mortgage, deed of trust or other instrument
executed to secure the same. The provisions of such securities act shall not
apply to the issuance of membership certificates by any cooperative.
History: L. 2003, ch. 81, § 26; July 1.