State Codes and Statutes
Statutes > Kansas > Chapter17 > Article72 > Statutes_841917-7204
17-7204. Election of existing corporation to become close corporation. Any corporation organized under the laws of this state may become a close corporation by executing and filing, in accordance with K.S.A. 17-6003 and amendments thereto, a certificate of amendment of its articles of incorporation which shall contain: (1) A statement that it elects to become a close corporation; (2) the provisions required by K.S.A. 17-7202 and amendments thereto to appear in the articles of incorporation of a close corporation; and (3) a heading stating the name of the corporation and that it is a close corporation. Such amendment shall be adopted in accordance with the requirements of K.S.A. 17-6601 or 17-6602 and amendments thereto, except that it must be approved by a vote of the holders of record of at least 2/3 of the shares of each class of stock of the corporation which are outstanding.
History: L. 1972, ch. 52, § 128; L. 1973, ch. 100, § 16; L. 1998, ch. 189, § 21; L. 2000, ch. 39, § 42; July 1.
