17-2712.Same; shares, who may hold;
transfer, how; securities law not applicable.
(a) A professional corporation may issue the shares of its capital stock
only to a qualified person. A shareholder may voluntarily transfer
their shares in a professional corporation to the corporation or to a qualified
person with the prior written consent of the corporation unless the
articles of incorporation otherwise provide. No shares may be transferred
upon the books of the professional corporation or issued by the
professional corporation until there is presented to and filed with the
corporation a certificate by the regulating board stating that the person
to whom the transfer is to be made or the shares issued is duly licensed to
render the same type of professional services as that for which the
corporation was organized. No shareholder shall enter into any voting trust
agreement, proxy, or any other type of agreement vesting another person,
other than another shareholder of the same corporation, with authority to
exercise the voting power of any or all of their stock. The issuance or
transfer of any shares and any proxy, voting trust or other agreement made
in violation of this section shall be null and void. Every certificate of
stock issued by a professional corporation shall contain substantially the
following provision: "The ownership and transfer of this stock and the
rights and obligations of stockholders are subject to the limitations and
provisions of the professional corporation law of Kansas."
(b) The Kansas securities law as contained in article 12 of chapter 17 of the Kansas
Statutes Annotated shall not be applicable to nor govern any transactions
relating to any shares of a professional corporation.
(c) A general partnership, if all partners thereof are authorized to
render a professional service permitted by the articles of incorporation of
the issuing professional corporation and in which at least one partner is
authorized by a licensing authority of this state to render in this state a
professional service permitted by the articles of incorporation of the
corporation, shall be deemed a qualified person for purposes of this section.
(d) A professional corporation or foreign professional corporation in
which at least one shareholder is authorized by a licensing authority of
this state to render in this state a professional service permitted by the
articles of incorporation of the corporation shall be deemed a qualified
person for purposes of this section.
History: L. 1965, ch. 157, § 7;
L. 1989, ch. 78, § 2; July 1.
17-2712.Same; shares, who may hold;
transfer, how; securities law not applicable.
(a) A professional corporation may issue the shares of its capital stock
only to a qualified person. A shareholder may voluntarily transfer
their shares in a professional corporation to the corporation or to a qualified
person with the prior written consent of the corporation unless the
articles of incorporation otherwise provide. No shares may be transferred
upon the books of the professional corporation or issued by the
professional corporation until there is presented to and filed with the
corporation a certificate by the regulating board stating that the person
to whom the transfer is to be made or the shares issued is duly licensed to
render the same type of professional services as that for which the
corporation was organized. No shareholder shall enter into any voting trust
agreement, proxy, or any other type of agreement vesting another person,
other than another shareholder of the same corporation, with authority to
exercise the voting power of any or all of their stock. The issuance or
transfer of any shares and any proxy, voting trust or other agreement made
in violation of this section shall be null and void. Every certificate of
stock issued by a professional corporation shall contain substantially the
following provision: "The ownership and transfer of this stock and the
rights and obligations of stockholders are subject to the limitations and
provisions of the professional corporation law of Kansas."
(b) The Kansas securities law as contained in article 12 of chapter 17 of the Kansas
Statutes Annotated shall not be applicable to nor govern any transactions
relating to any shares of a professional corporation.
(c) A general partnership, if all partners thereof are authorized to
render a professional service permitted by the articles of incorporation of
the issuing professional corporation and in which at least one partner is
authorized by a licensing authority of this state to render in this state a
professional service permitted by the articles of incorporation of the
corporation, shall be deemed a qualified person for purposes of this section.
(d) A professional corporation or foreign professional corporation in
which at least one shareholder is authorized by a licensing authority of
this state to render in this state a professional service permitted by the
articles of incorporation of the corporation shall be deemed a qualified
person for purposes of this section.
History: L. 1965, ch. 157, § 7;
L. 1989, ch. 78, § 2; July 1.
17-2712.Same; shares, who may hold;
transfer, how; securities law not applicable.
(a) A professional corporation may issue the shares of its capital stock
only to a qualified person. A shareholder may voluntarily transfer
their shares in a professional corporation to the corporation or to a qualified
person with the prior written consent of the corporation unless the
articles of incorporation otherwise provide. No shares may be transferred
upon the books of the professional corporation or issued by the
professional corporation until there is presented to and filed with the
corporation a certificate by the regulating board stating that the person
to whom the transfer is to be made or the shares issued is duly licensed to
render the same type of professional services as that for which the
corporation was organized. No shareholder shall enter into any voting trust
agreement, proxy, or any other type of agreement vesting another person,
other than another shareholder of the same corporation, with authority to
exercise the voting power of any or all of their stock. The issuance or
transfer of any shares and any proxy, voting trust or other agreement made
in violation of this section shall be null and void. Every certificate of
stock issued by a professional corporation shall contain substantially the
following provision: "The ownership and transfer of this stock and the
rights and obligations of stockholders are subject to the limitations and
provisions of the professional corporation law of Kansas."
(b) The Kansas securities law as contained in article 12 of chapter 17 of the Kansas
Statutes Annotated shall not be applicable to nor govern any transactions
relating to any shares of a professional corporation.
(c) A general partnership, if all partners thereof are authorized to
render a professional service permitted by the articles of incorporation of
the issuing professional corporation and in which at least one partner is
authorized by a licensing authority of this state to render in this state a
professional service permitted by the articles of incorporation of the
corporation, shall be deemed a qualified person for purposes of this section.
(d) A professional corporation or foreign professional corporation in
which at least one shareholder is authorized by a licensing authority of
this state to render in this state a professional service permitted by the
articles of incorporation of the corporation shall be deemed a qualified
person for purposes of this section.
History: L. 1965, ch. 157, § 7;
L. 1989, ch. 78, § 2; July 1.