2006 Kansas Code - 84-1-105

      84-1-105.   Territorial application of the act; parties' power to choose applicable law. (1) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties. Failing such agreement this act applies to transactions bearing an appropriate relation to this state.

      (2)   Where one of the following provisions of this act specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law (including the conflict of laws rules) so specified:

      Rights of creditors against sold goods. K.S.A. 84-2-402 and amendments thereto.

      Applicability of the article on leases. K.S.A. 84-2a-105 and 84-2a-106, and amendments thereto.

      Applicability of the article on bank deposits and collections. K.S.A. 84-4-102 and amendments thereto.

      Applicability of the article on investment securities. K.S.A. 84-8-110 and amendments thereto.

      Governing law in the article on funds transfers. K.S.A. 84-4a-507 and amendments thereto.

      Letters of credit. K.S.A. 84-5-116 and amendments thereto.

      Law governing perfection, the effect of perfection or nonperfection, and the priority of security interests and agricultural liens. K.S.A. 2005 Supp. 84-9-301 through 84-9-307 and amendments thereto.

      History:   L. 1965, ch. 564, § 5; L. 1975, ch. 514, § 1; L. 1991, ch. 294, § 1; L. 1991, ch. 295, § 81; L. 1992, ch. 302, § 9; L. 1996, ch. 202, § 20; L. 2000, ch. 142, § 135; L. 2002, ch. 159, § 29; May 23.