17-4911.   Tax obligations of corporation and transfer agents; proof ofinheritance tax lien release not required prior to transfer. The uniform actfor the simplification of fiduciary securitytransfers does not affect any obligation of a corporation or transferagent with respect to estate, inheritance, succession or other taxesimposed by the laws of this state. For purposes of the lien imposed byK.S.A. 79-1569, and amendments thereto, however, a transfer made under theprovisions of such act shall be deemed to have been made in accordance withlaw, and a corporation or transfer agent need not require that a fiduciaryfurnish a consent to transfer as proof of release of the lien prior to thecompletion of a transfer made under the provisions of such act.

      History:   L. 1961, ch. 123, § 9;L. 1997, ch. 82, § 1; July 1.