48-3804 - Violation of divestiture or registration requirements by foreign principal; investigation by attorney general; agreement to delay divestiture; action by attorney general; relief sought; divestiture required upon determination by court of violation.

48-3804. Violation of divestiture or registration requirements by foreign principal; investigation by attorney general; agreement to delay divestiture; action by attorney general; relief sought; divestiture required upon determination by court of violation. (a) The attorney general shall investigate any suspected violation of K.S.A. 48-3803, and amendments thereto.

(b) A foreign principal who is subject to the requirements of K.S.A. 48-3803, and amendments thereto, may enter into an agreement with the attorney general to divest such foreign principal's interest in real property not more than 360 days from entering into such agreement.

(c) The attorney general may commence an action in a court of competent jurisdiction to enforce the provisions of K.S.A. 48-3803, and amendments thereto. In any such action, the attorney general may seek:

(1) A court order directing the defendant to divest such defendant's interest in such real property;

(2) injunctive relief;

(3) civil forfeiture of the defendant's interest in such real property pursuant to K.S.A. 60-4101 et seq., and amendments thereto; and

(4) reasonable attorney fees and court costs.

(d) Upon a determination by a court of competent jurisdiction that the defendant has violated the requirements of K.S.A. 48-3803, and amendments thereto, the defendant shall divest such defendant's interest in such real property within 180 days after the day such court order is issued.