Kansas Statutes 17-7203. Formation of close corporation
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Terms Used In Kansas Statutes 17-7203
- 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.
A close corporation shall be formed in accordance with Kan. Stat. Ann. §§ 17-6001 and 17-6002 and Kan. Stat. Ann. §§ 17-7908 through 17-7910, and amendments thereto, except that:
(a) Its articles of incorporation shall contain a heading stating the name of the corporation and that it is a close corporation; and
(b) its articles of incorporation shall contain the provisions required by Kan. Stat. Ann. § 17-7202, and amendments thereto.