K.S.A. » Chapter 40
Kansas Statutes Annotated

K.S.A. § 40-303 (2026)

Powers of board of directors

✓ current as of May 2026
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40-303. Powers of board of directors. The board of directors of any insurance company organized under this article shall have power to adopt a seal, and make such bylaws and amendments thereto, not inconsistent with the constitution and laws of this state, as may be deemed necessary for the regulation and management of its affairs.

History: L. 1927, ch. 231, 40-303; June 1.

Notes of Decisions
Cited in 1 case, 1973–1973 · leading case: Lincoln Am. Corp. v. Victory Life Ins., 375 F. Supp. 105 (D. Kan. 1973).
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Lincoln Am. Corp. v. Victory Life Ins., 375 F. Supp. 105 (D. Kan. 1973). · cites it 2× “The general rule regarding the powers of insurance company directors is contained in K.S.A. § 40-303, which in pertinent part provides: “The board of directors of any insurance company .”
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