Printable Format17-6908. Compensation, costs and expenses. The district court, before making distribution of the assets of a corporation among the creditors or stockholders thereof, shall allow and pay out of the assets: (a) A reasonable compensation to the trustee or receiver for the trustee's or receiver's services; (b) the cost and expenses incurred in and about the execution of such trustee's or receiver's trust, including reasonable attorney fees; and (c) the costs of the proceedings in the court.
History: L. 1972, ch. 52, § 111; L. 2004, ch. 143, § 69; L. 2016, ch. 110, § 96; July 1.
Source or Prior Law:
17-4002; 8 Del. C. § 298.
Cross References to Related Sections:
Payment of debts and distribution of assets of dissolved corporation, see 17-6810.
Items allowable as costs, see 60-2003.
Law Review and Bar Journal References:
"Recovery of Attorney Fees in Kansas," Mark A. Furney, 18 W.L.J. 535, 546, 557 (1979).
CASE ANNOTATIONS
1. Cited in holding provisional director also acting in capacity as custodian to be paid by corporation or from its assets. Coles v. Taliaferro, 251 Kan. 648, 655, 840 P.2d 1102 (1992).