The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-03-15
Asst. Secretary of State.
Published in The Topeka State Journal
March IS, 1911
HOUSE BILL No. 906.
n. -..-..s 4 : L. \.

HOUSE BILL No 906.
AN ACT to provide for the regulation
and supervision of investment companies
and providing penalties for the viola
ton thereof
Be it enacted by the LegiSla ture of the
State of Kansas:
Section 1. Every corporation, every CO.
partnership or company. and every as
sociation, tother than state and national
banks trust companies, real estate mort
gage companies dealing exclusively in
real estate mortgage notes, building and
loan associations and corporations not or
ganized for profit,) organized or which
shall be organized in this state, whether
shall sell or negotiate for the sale of any
stocks, bonds or other securities of any
kind or character other than bonds of
the United states, the state of Kansas.
or of some municipality of the state of
Kansas. and notes secured by mortgages
on real estate located in the state of Kan
sas to any person or persons in the state
of Kansas, other than those specifically
exempted herein, shall be known for the
purposes of this act as domestic in
vestment company.
Every such investment company Or
ganized in any other state. territory
government, or organized under the laws
of any other state, territory or govern
ment. shall be known for the purposes of
this act as foreign investment COM
pany.
Sec. 2 Before offering or attempting
to sell any stocks, bonds or other securi-
ties OF any kind or character other than
those specifically exempted in section l
of this act to any person or persons or
UanSacUnS any business Whatever IN
this state, excepting that of preparing
the documents hereinafter required.
cry such investment company. domestic
or foreign, shall file in the office of the
bank commissioner of this state togeth-
err with a filing fee of two dollars and
fifty cents, the following documents to-
wit:
A statement showing in full detail the
plan upon which it proposes to transact
business.
A copy of all contracts, bonds or other
instruments which 1t proposes to make
with or sell to it's contributors.
statement which shall show the name
and location of the investment company,
and an itemized account Of its actual fl
nancial condition, and the amount of it's
property and liabilities. and such other
information touching its affairs as said
bank commissioner may require.
If such investment company shall be q
co-partnership or an unincorporated as
ISOLATION, it shall also file with the bank
commissioner copy of its articles of CO.
papers pertaining to its organization, and
If 1t be a corporation organized under the
laws of Kansas it shall also file with the
bank commissioner a copy of its articles
laws and all other papers pertaining to
its organization. If it shall be an invest
ment company organized under the laws
of any other state, territory or govern
ment, incorporated or unincorporated It
shall also file with the said bank COM
missioner copy of the laws Of such
which it exists or is Incorporated and
also a copy of its charter, articles of in
corporation, constitution and bylaws, and
all amendments thereof which have been
made and all other papers pertaining to
its organization.
Sec. 3. All of the above described pa
pers shall be verified by. the oath of
member of a co-partnership or com pany, If
1t be a co-partnership or company or by
the oath of q duly authorized officer If
1t be an incorporated or unincorporated