17-1631. Dissolution for failure to carry on business; receivers.
17-1631
17-1631. Dissolution for failure to carry on business; receivers.
Any cooperative corporation, company or association heretofore organized under
article 16, chapter 17, of the Revised Statutes of Kansas of 1923, and chapter
150 [*] of the Laws of 1931, and amendments thereto, which has for a period
of
three years ceased to engage, in good faith, in the primary business for which
such corporation or association was organized, shall be dissolved by order of
the district court having jurisdiction, on petition of the attorney general,
supported by affidavit, and if the court shall find the petition is true, it
shall appoint a receiver to wind up the affairs of such corporation and decree
its dissolution.
History: L. 1933, ch. 144, § 1; L. 1992, ch. 227, § 26; July 1.