17-1518. Same; disposition of assets and property; filing with secretary of state.
17-1518
17-1518. Same; disposition of assets and property; filing with
secretary of state.
If at a meeting held at the time and place fixed in said resolution
three-fourths of the stockholders voting in person or by proxy shall
vote in favor of authorizing the board of directors to dispose of all of
the assets and property of such company and to dissolve said company,
the board of directors may proceed to sell the property and assets of
such company upon such terms and conditions as it shall deem advisable
or upon such terms and conditions as shall be required by vote of
three-fourths of the stockholders voting in person or by proxy at said
meeting.
Upon the disposal of all of the assets and property of such company,
the secretary of such company shall file an affidavit with the secretary
of state stating that all property and assets have been sold or disposed
of in compliance with the requirements of this act and that such
stockholders have voted in favor of dissolution, which affidavit shall
be accompanied by a copy of the publication notice provided for in
K.S.A. 17-1517 together with an affidavit or proof of
publication by the manager or publisher of the newspaper in which such
notice was printed. Said corporation shall be deemed to be dissolved on
the date of the filing of said affidavit and publication notice and
proof thereof. For the purpose of distributing the proceeds derived from
the sale or disposition of the property and assets of the corporation
said corporation shall be continued after its dissolution as provided in
section 17-3606 of the General Statutes Supplement of 1947.
History: L. 1949, ch. 195, § 3; June 30.