17-1518.   Same; disposition of assets and property; filing withsecretary of state.If at a meeting held at the time and place fixed in said resolutionthree-fourths of the stockholders voting in person or by proxy shallvote in favor of authorizing the board of directors to dispose of all ofthe assets and property of such company and to dissolve said company,the board of directors may proceed to sell the property and assets ofsuch company upon such terms and conditions as it shall deem advisableor upon such terms and conditions as shall be required by vote ofthree-fourths of the stockholders voting in person or by proxy at saidmeeting.

      Upon the disposal of all of the assets and property of such company,the secretary of such company shall file an affidavit with the secretaryof state stating that all property and assets have been sold or disposedof in compliance with the requirements of this act and that suchstockholders have voted in favor of dissolution, which affidavit shallbe accompanied by a copy of the publication notice provided for inK.S.A. 17-1517 together with an affidavit or proof ofpublication by the manager or publisher of the newspaper in which suchnotice was printed. Said corporation shall be deemed to be dissolved onthe date of the filing of said affidavit and publication notice andproof thereof. For the purpose of distributing the proceeds derived fromthe sale or disposition of the property and assets of the corporationsaid corporation shall be continued after its dissolution as provided insection 17-3606 of the General Statutes Supplement of 1947.

      History:   L. 1949, ch. 195, § 3; June 30.