17-1290. Same; application of act.
17-1290
17-1290. Same; application of act.
(a) Unless before the control acquisition a corporation's
articles of incorporation or bylaws
provide that this act does not apply to control share acquisitions of
shares of the corporation, control shares of an issuing public corporation
acquired in a control share acquisition have only such voting rights as are
conferred by K.S.A. 17-1294.
(b) Notwithstanding subsection (a), the provisions of this act will not
apply to control share acquisitions of an issuing public corporation for a
period of six months from the effective date of this act, unless the
corporation's articles of incorporation or bylaws provide that this article will apply.
History: L. 1988, ch. 93, § 5; April 21.