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Kansas Statutes Annotated

K.S.A. § 17-1261 (2026)

✓ current as of May 2026
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17-1261.

History: L. 1957, ch. 145, § 10; L. 1959, ch. 115, § 1; L. 1967, ch. 121, § 2; L. 1968, ch. 386, § 2; L. 1969, ch. 120, § 1; L. 1970, ch. 83, § 1; L. 1972, ch. 57, § 4; L. 1975, ch. 130, § 1; L. 1979, ch. 61, § 4; L. 1981, ch. 98, § 2; L. 1981, ch. 90, § 16; L. 1982, ch. 98, § 8; L. 1982, ch. 97, § 1; L. 1982, ch. 99, § 1; L. 1990, ch. 81, § 1; L. 1994, ch. 42, § 2; L. 1996, ch. 69, § 4; L. 1997, ch. 62, § 13; L. 1998, ch. 59, § 2; L. 2000, ch. 52, § 2; L. 2002, ch. 17, § 5; Repealed, L. 2004, ch. 154, § 65; July 1, 2005.

CASE ANNOTATIONS

1. Exemption for "commercial paper" in subsection (i) construed. State v. Hodge, 204 Kan. 98, 105, 109, 460 P.2d 596.

2. Cited; directors' strict liability to purchasers of unregistered securities sold in violation of K.S.A. 17-1268 noted; must prove absence of knowledge. Taylor v. Perdition Minerals Group, Ltd., 244 Kan. 126, 129, 766 P.2d 805 (1988).

3. Kansas securities act commercial paper exemption not unconstitutionally vague. State v. Atteberry, 44 Kan. App. 2d 478, 239 P.3d 857 (2010).


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Notes of Decisions
Cited in 4 cases, 1988–2010 · leading case: State v. Atteberry, 239 P.3d 857 (Kan. Ct. App. 2010).
Sort: Relevance Newest Treatment
State v. Atteberry, 239 P.3d 857 (Kan. Ct. App. 2010). · cites it 6× “Was Counsel Ineffective for Not Advising Atteberry He Had an Affirmative Defense Based on the Commercial Paper Exemption? The Act in effect when Atteberry allegedly violated its provisions made it unlawful for any person to solicit, offer, or sell any security in Kansas unless…”
Klein v. Oppenheimer & Co., 130 P.3d 569 (Kan. 2006). · cites it 2× “K.S.A. 17-1261 and K.S.A. 17-1262. An action to enforce the Kansas Securities Act may be prosecuted by the Kansas Securities Commissioner under K.”
State Ex Rel. Mays v. Ridenhour, 811 P.2d 1220 (Kan. 1991). “17-1255, which provides: “It is unlawful for any person to offer or sell any security in this state, except securities exempt under K.S.A. 17-1261 or when sold in transactions exempt under K.”
Taylor v. Perdition Minerals Grp., Ltd., 766 P.2d 805 (Kan. 1988). “The sale of these 400,000 shares of stock of Perdition was not the sale of an exempt security under K.S.A. 1987 Supp. 17-1261, nor was it an exempt transaction under K.”
— K.S.A. § 17-1261(i) — 1 case
State v. Atteberry, 239 P.3d 857 (Kan. Ct. App. 2010). “Was Counsel Ineffective for Not Advising Atteberry He Had an Affirmative Defense Based on the Commercial Paper Exemption? The Act in effect when Atteberry allegedly violated its provisions made it unlawful for any person to solicit, offer, or sell any security in Kansas unless…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.