Kansas Statutes 75-3360. Same; conditions of conveyance; reverter clause
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(a) The secretary may sell or lease the real estate described in Kan. Stat. Ann. § 75-3359 for one dollar and other good and valuable consideration and without the necessity of appraisal, bid or publication.
(b) In the event that the real estate described in Kan. Stat. Ann. § 75-3359 is not continuously used as a workshop for the blind and operated by a charitable not-for-profit organization, ownership of the real estate shall automatically revert back to the state of Kansas. The title to the real estate shall revert back to the state of Kansas immediately upon discovery that the property is being used for an unintended purpose or is being operated by other than a charitable not-for-profit organization.
Terms Used In Kansas Statutes 75-3360
- Appraisal: A determination of property value.
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- state of Kansas: shall include political subdivisions of the state of Kansas, except schools, cities of the third class and townships. See Kansas Statutes 75-3338