Kan. Admin. Regs. § 47-16-8

Current through Register Vol. 44, No. 2, January 9, 2025

Section 47-16-8 - Satisfaction of liens

(a) A lien shall be satisfied to the extent of the value of the consideration received, at the time of transfer of ownership. Any unsatisfied portion shall remain as a lien on the property and shall be satisfied in accordance with this subsection.

(b) Liens shall be maintained or renewed by the secretary from time to time as may be required.

(c) Monies derived from the satisfaction of liens established under this subsection shall be deposited in the state abandoned mined-land fund.

Kan. Admin. Regs. § 47-16-8

Authorized by K.S.A. 49-405; implementing K.S.A. 49-428; effective May 1, 1983; amended Feb. 11, 1991; amended May 2, 1997.