72-131. Same; compliance with act or forfeiture.
72-131
72-131. Same; compliance with act or forfeiture.Any association or corporation referred to in K.S.A. 72-130,and amendments thereto, which shall fail or refuse to comply with theprovisions of this act, as amended, shall forfeit its right to dobusiness and it shall be the duty of the attorney general to institute aproper proceeding to enforce such forfeiture and to have a receiverappointed to liquidate the affairs of such association or corporation.Any assets of such association or corporation remaining after suchliquidation shall be paid over to the state board of education to beequitably distributed to the member schools.
History: L. 1955, ch. 341, § 2; L. 1969, ch. 311, § 2; L. 1977,ch. 239, § 2; April 9.