17-7204. Election of existing corporation to become close corporation.
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/ks/chapter-17/17-7204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17-7204. Election of existing corporation to become close corporation. Any corporation organized under the Kansas general corporation code may become a close corporation under K.S.A. 17-7201 through 17-7216 , and amendments thereto, by executing and filing, in accordance with K.S.A. 17-7908 through 17-7910 , and amendments thereto, a certificate of amendment of its articles of incorporation which shall contain:
(a)A statement that it elects to become a close corporation;
(b)the provisions required by K.S.A. 17-7202 , and amendments thereto, to appear in the articles of incorporation of a close corporation; and
(c)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.