17-6803. Dissolution prior to commencing business.
17-6803
17-6803. Dissolution prior to commencing business.
Before beginning the business for which the corporation was organized, a
majority of the incorporators, or, if directors were named in the
articles of incorporation or have been elected, a majority of the
directors, may surrender all of the corporation's rights and franchises
by filing in the office of the secretary of state a certificate,
executed by a majority of the incorporators or
directors, stating that the business or activity for which the
corporation was organized has not been begun; that no part of the
capital of the corporation has been paid or, if some capital has been
paid, that the amount actually paid in for the corporation's shares,
less any part thereof disbursed for necessary expenses, has been
returned to those entitled thereto; that all issued stock certificates,
if any, have been surrendered and canceled; and that all rights and
franchises of the corporation are surrendered. Upon the filing of such
certificate in accordance with K.S.A. 17-6003, and amendments thereto,
the
corporation shall be dissolved.
History: L. 1972, ch. 52, § 93;
L. 2000, ch. 39, § 36; July 1.