Kansas Statutes Annotated

K.S.A. § 50-113 (2026)

Trust certificates; creation of trusts

✓ current as of May 2026

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50-113. Trust certificates; creation of trusts. It shall be unlawful for any corporation to issue or to own trust certificates, other than the regularly and lawfully authorized stock thereof, or for any corporation, agent, officer or employees, or the directors or stockholders of any corporation, to enter into any combination, contract or agreement with any person or persons, or with any stockholder or director thereof, the purpose and effect of which combination, contract or agreement shall be to place the management or control of such combination or combinations, or the manufactured product thereof, in the hands of any trustee or trustees, with the intent to limit or fix the price or lessen the production and sale of any article of commerce, use or consumption, or to prevent, restrict or diminish the manufacture or output of any such article.

History: L. 1889, ch. 257, § 2; R.S. 1923, 50-113; L. 2000, ch. 136, § 11; July 1.

Notes of Decisions

Cited in 2 cases, 1996–2014 · leading case: Smith v. Philip Morris Companies, Inc., 335 P.3d 644 (Kan. Ct. App. 2014).

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Smith v. Philip Morris Companies, Inc., 335 P.3d 644 (Kan. Ct. App. 2014). “50-112 (and the unrelated prohibitions of K.S.A. 50-113 involving the creation of certain trusts).”

Cease v. Safelite Glass Corp., 927 F. Supp. 1452 (D. Kan. 1996). “50-112 and K.S.A. 50-113) each specifically create a private cause of action for violation of criminal statutes.”

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