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Kansas Statutes Chapter 17. Corporations § 17-1509. Commencement of business

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

No corporation organized under the provisions of this act shall commence business until at least twenty percent of its capital stock has been paid for in actual cash, and a sworn statement to that effect has been filed with the secretary of state, and his receipt for the same shall be construed as a permit to do business.

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Cite this article: FindLaw.com - Kansas Statutes Chapter 17. Corporations § 17-1509. Commencement of business - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-17-corporations/ks-st-sect-17-1509/

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