§ 17-7201 Laws applicable to close corporations
§ 17-7202 Close corporation defined; contents of articles of incorporation; effect of joint held stock
§ 17-7203 Formation of close corporation
§ 17-7204 Election of existing corporation to become close corporation
§ 17-7205 Limitations on continuation of close corporation status
§ 17-7206 Voluntary termination of status as close corporation; amendment of articles of incorporation; vote required
§ 17-7207 Issuance or transfer of stock of close corporation in breach of restrictions or conditions thereon; effect; conclusive presumptions; transfer defined; applicability and effect of section
§ 17-7208 Breach of condition necessary to status as close corporation; proceeding to prevent loss of status; jurisdiction and powers of district court
§ 17-7209 Invalid transfer of close corporation’s security; corporate option
§ 17-7210 Agreement of stockholders to restrict discretion or powers of board of directors of close corporation
§ 17-7211 Management of close corporation by stockholders
§ 17-7212 Appointment of custodian for close corporation, when
§ 17-7213 Appointment of provisional director for close corporation, when; qualifications, rights and powers of provisional director
§ 17-7214 Operation of close corporation as partnership
§ 17-7215 Dissolution of close corporation at option of stockholders or upon event or contingency specified in articles of incorporation; disclosure of provision on stock certificates
§ 17-7216 Effect of close corporation provisions on other laws
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Terms Used In Kansas Statutes > Chapter 17 > Article 72 - Close Corporations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
  • Statute: A law passed by a legislature.