17-2717. Same; election to function as general corporation; how made.
17-2717
17-2717. Same; election to function as general corporation; how made.
The corporation may elect, at any time, upon the vote of the owners of a
majority of the issued and outstanding shares, to amend its articles of
incorporation so as to prohibit its continued operation under this chapter
and to substitute therefor authority for the said corporation to function
as a corporation under the general corporation laws, chapter 17, Kansas
Statutes Annotated. If such election is made, a certificate of amendment
shall be filed in the office of the secretary of state, setting forth the
purposes for which the corporation shall continue in operation, together
with any other amendments necessary to comply with the requirements of
chapter 17 of the Kansas Statutes Annotated.
History: L. 1965, ch. 157, § 12; June 30.