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Kansas Statutes Chapter 17. Corporations § 17-1289. Issuing public corporation, defined

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) An “issuing public corporation” means a corporation organized under the laws of the state of Kansas that has:

(1) One hundred or more shareholders;

(2) its principal place of business or its principal office in Kansas, or that owns or controls assets within Kansas having a fair market value of more than $1,000,000; and

(3) either:

(A) More than 10% of its shareholders resident in Kansas;

(B) more than 10% of its shares owned of record or beneficially by Kansas residents; or

(C) one thousand shareholders resident in Kansas.

(b) The residence of a shareholder is presumed to be the address appearing in the records of the corporation.

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Cite this article: FindLaw.com - Kansas Statutes Chapter 17. Corporations § 17-1289. Issuing public corporation, defined - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-17-corporations/ks-st-sect-17-1289/

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