17-6409. Shares of stock deemed personal property and transferable.
17-6409
17-6409. Shares of stock deemed personal property and transferable.
The shares of stock in every corporation shall be deemed personal
property and transferable as provided in the acts contained in article 8 of
chapter 84 of the Kansas Statutes Annotated. Whenever any transfer of
shares shall be made for collateral security, and not
absolutely, it shall
be so expressed in the entry of the transfer if, when the certificates
are presented to the corporation for
transfer or uncertificated shares are requested to be transferred,
both the transferor and
transferee request the corporation to do so.
History: L. 1972, ch. 52, § 36;
L. 1986, ch. 399, § 6;
L. 1988, ch. 99, § 14; Revived and amend., L. 1988, ch. 100, § 14; May 5.