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K.S.A. 17-7204

Election of existing corporation to become close corporation

L. 1972, ch. 52, § 128; L. 1973, ch. 100, § 16; L. 1998, ch. 189, § 21; L. 2000, ch. 39, § 42; L. 2016, ch. 110, § 108; July 1.

Any corporation organized under the Kansas general corporation code may become a close corporation under K.S.A. 17-7201 through 17-7216 , and amendments thereto, by executing and filing, in accordance with K.S.A. 17-7908 through 17-7910 , and amendments thereto, a certificate of amendment of its articles of incorporation which shall contain: (a) A statement that it elects to become a close corporation; (b) the provisions required by K.S.A. 17-7202 , and amendments thereto, to appear in the articles of incorporation of a close corporation; and (c) a heading stating the name of the corporation and that it is a close corporation. Such amendment shall be adopted in accordance with the requirements of K.S.A. 17-6601 or 17-6602 , and amendments thereto, except that it must be approved by a vote of the holders of record of at least 2 / 3 of the shares of each class of stock of the corporation which are outstanding.

Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.