17-4911. Tax obligations of corporation and transfer agents; proof of inheritance tax lien release not required prior to transfer.
17-4911
17-4911. Tax obligations of corporation and transfer agents; proof of
inheritance tax lien release not required prior to transfer. The uniform act
for the simplification of fiduciary security
transfers does not affect any obligation of a corporation or transfer
agent with respect to estate, inheritance, succession or other taxes
imposed 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.
History: L. 1961, ch. 123, § 9;
L. 1997, ch. 82, § 1; July 1.