17-1289.   Same; issuing public corporation, defined.(a) An "issuing public corporation" means a corporationorganized under the laws of the state of Kansas that has:

      (1)   One hundred or more shareholders;

      (2)   its principal place of business, its principal office, orsubstantial assets within Kansas; and

      (3)   either:

      (A)   More than 10% of its shareholders resident in Kansas;

      (B)   more than 10% of its shares owned by Kansas residents; or

      (C)   two thousand five hundred shareholders resident in Kansas.

      (b)   The residence of a shareholder is presumed to be the addressappearing in the records of the corporation.

      (c)   Shares held by banks, except as trustee or guardian, brokers ornominees shall be disregarded for purposesof calculating the percentages or numbers described in this section.

      History:   L. 1988, ch. 93, § 4; April 21.