17-6803.   Dissolution prior to commencing business.Before beginning the business for which the corporation was organized, amajority of the incorporators, or, if directors were named in thearticles of incorporation or have been elected, a majority of thedirectors, may surrender all of the corporation's rights and franchisesby filing in the office of the secretary of state a certificate,executed by a majority of the incorporators ordirectors, stating that the business or activity for which thecorporation was organized has not been begun; that no part of thecapital of the corporation has been paid or, if some capital has beenpaid, that the amount actually paid in for the corporation's shares,less any part thereof disbursed for necessary expenses, has beenreturned to those entitled thereto; that all issued stock certificates,if any, have been surrendered and canceled; and that all rights andfranchises of the corporation are surrendered. Upon the filing of suchcertificate in accordance with K.S.A. 17-6003, and amendments thereto,thecorporation shall be dissolved.

      History:   L. 1972, ch. 52, § 93;L. 2000, ch. 39, § 36; July 1.