Kansas Statutes 61-2703. Definitions
Terms Used In Kansas Statutes 61-2703
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fiduciary: A trustee, executor, or administrator.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means an individual, partnership, limited liability company, corporation, fiduciary, joint venture, society, organization or other association of persons. See Kansas Statutes 61-2703
- Property: includes personal and real property. See Kansas Statutes 77-201
- Small claim: means a claim for the recovery of money or personal property, where the amount claimed or the value of the property sought does not exceed $4,000, exclusive of interest, costs and any damages awarded pursuant to Kan. See Kansas Statutes 61-2703
As used in this act:
(a) “Small claim” means a claim for the recovery of money or personal property, where the amount claimed or the value of the property sought does not exceed $4,000, exclusive of interest, costs and any damages awarded pursuant to Kan. Stat. Ann. §§ 60-2610 and amendments thereto. In actions of replevin, the verified petition fixing the value of the property shall be determinative of the value of the property for jurisdictional purposes. A small claim shall not include:
(1) An assigned claim;
(2) a claim based on an obligation or indebtedness allegedly owed to a person other than the person filing the claim, where the person filing the claim is not a full-time employee or officer of the person to whom the obligation or indebtedness is allegedly owed; or
(3) a claim obtained through subrogation.
(b) “Person” means an individual, partnership, limited liability company, corporation, fiduciary, joint venture, society, organization or other association of persons.