Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Statutory Repeal topic
No spam. Unsubscribe anytime.
Senate approves repeal of an obsolete 1914 bank statute cited by the Revisor of Statutes
Summary
SB 331, requested by the Revisor of Statutes and supported by the State Bank Commissioner, repeals KSA 52-717 — a 1914 statute about negotiable instruments that the sponsor and supporters said is unnecessary because the Uniform Commercial Code now governs checks and negotiable instruments.
Senators voted to report SB 331 favorably after an explanation from the sponsor that the statute targeted for repeal is obsolete.
Senator Dietrich said SB 331 was brought by the office of the Revisor of Statutes and supported by the State Bank Commissioner. She explained the statute, enacted in 1914, required that no law be construed to prevent banks from paying checks or drafts on Saturday afternoon or legal holidays; the sponsor said all other statutes in that act were repealed in 1965 and modern negotiable-instrument law is now governed by Articles 3 and 4 of the Uniform Commercial Code. "This statute is just no longer necessary," the sponsor said.
Dietrich told the committee there was no fiscal impact associated with the repeal and no opponents testified. The committee moved the bill forward and reported it favorably for passage.
What's next: SB 331 proceeds as reported by the committee.
