Kansas Statutes 40-4337. Same; incorporation of companies
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 40-4337
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A special purpose insurance captive may be incorporated as a stock insurer subject to the provisions in Kan. Stat. Ann. § 40-205, and amendments thereto, or as a nonstock corporation, or may be formed as a limited liability company, partnership or limited partnership.