Kansas § 58-3960 - Election to take property or delivery
Full text of Kansas Kansas Statutes Annotated § 58-3960 — Election to take property or delivery, with citation guidance and answers to common questions.
§ 58-3960. Election to take property or delivery
58-3960. Election to take property or delivery. (a) The administrator may decline to receive any property reported under this act which is considered to have a value less than the expense of giving notice and of sale. If the administrator elects not to receive custody of the property, the holder shall be notified within 120 days after filing the report required under K.S.A. 58-3950 and amendments thereto.(b) A holder, with the written consent of the administrator and upon conditions and terms prescribed by the administrator, may report and deliver property before the property is presumed abandoned. Property delivered under this subsection shall be held by the administrator and is not presumed abandoned until such time as it otherwise would be presumed abandoned under this act.History: L. 1994, ch. 8, § 27; March 3.
Source: official Kansas text · Last verified 2026-08-27
Frequently Asked Questions About Kansas § 58-3960
What does Kansas Statutes Annotated § 58-3960 cover?
Section 58-3960 ("Election to take property or delivery") is part of the Kansas Statutes Annotated, the codified statutory law of Kansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Kansas § 58-3960?
A common citation format is "Kansas Statutes Annotated § 58-3960" (Kansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Kansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Kansas official source linked on this page or consult a licensed Kansas attorney.
How does Kansas § 58-3960 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Kansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Kansas.