17-1289. Issuing public corporation, defined.
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/ks/chapter-17/17-1289A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17-1289. Issuing public corporation, defined.
(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.