K.S.A. » Chapter 55
Kansas Statutes Annotated

K.S.A. § 55-1615 (2026)

Interest on certain payments required; commencement and amount of payments; exception

✓ current as of May 2026
Find cases: SyfertCases citing this section KS-LEGkslegislature.org JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

55-1615. Interest on certain payments required; commencement and amount of payments; exception. The payor shall owe its payee interest on any payment, other than excluded payments, at the interest rate provided herein, determined on the first business day of the month that interest commences to accrue for that payment. For each subsequent month, the payor shall owe its payee interest on the unpaid balance due payee on the last day of the month preceding such subsequent month at the interest rate provided herein determined on the first business day of each such subsequent month. Interest shall commence to accrue 60 days following the last calendar day of the month of first sale and shall cease to accrue upon the day that payor places the payment in the United States mail, postage prepaid and addressed to payee. In the event a payor pays a payee's payment or portion thereof to a state under applicable unclaimed, abandoned or escheat property laws, then payor's obligation to pay interest on the portion paid over to the state shall cease upon the day that such state receives the payment from payor. Notwithstanding the above, interest shall not commence on oil or gas sales occurring during the first 60 days following the initial sale provided payment is placed in the United States mail, postage prepaid, and addressed to payee, within 120 days following the last calendar day of the month of the initial sale.

History: L. 1991, ch. 160, § 2; July 1.


Previous | Next

www.ksrevisor.gov 2026
Notes of Decisions
Cited in 5 cases (1 in the last 5 years), 2011–2022 · leading case: Thoroughbred Assoc. v. Kansas Royalty Co., 248 P.3d 758 (Kan. Ct. App. 2011).
Sort: Relevance Newest Treatment
Thoroughbred Assoc. v. Kansas Royalty Co., 248 P.3d 758 (Kan. Ct. App. 2011). · cites it 4× “On the other remaining issues, the trial court held that Thoroughbred improperly withheld distribution of revenues from the Rietzke Unit to Kansas City and that the dollar amount was reasonably ascertainable entitling Kansas City to prejudgment interest under K.S.A. 55-1615. The…”
Hitch Enter., Inc. v. OXY USA Inc. (D. Kan. 2019). · cites it 24× “Second, Oxy argues that Hitch’s reliance on § 16- 201 is misplaced; Oxy asserts that the correct statute to determine interest on refunded Conservation Fees is K.S.A. § 55-1615. Under § 55-1615, Hitch would be entitled to interest at a rate of prime plus 1.”
Fawcett Trust v. Oil Producers Inc. of Kansas (Kan. 2022). · cites it 15× “55-1614(h) and K.S.A. 55-1615—the more specific statutes—applied.”
Fawcett Trust v. Oil Producers, Inc. of Kansas (Kan. Ct. App. 2020). · cites it 14× “The more specific statute, K.S.A. 55-1615, as opposed to the more general statute, K.”
Cooper Clark Found. v. Oxy USA (Kan. Ct. App. 2020). “55-1614; K.S.A. 55-1615. Under those statutes, interest does not accrue on "[e]xcluded payments" (payments totaling less than $100 annually).”
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.