9-1719. Change of control; definitions.
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/ks/chapter-9/9-1719A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9-1719. Change of control; definitions. As used in K.S.A. 9-1719 to 9-1722 , inclusive, and amendments thereto:
(a)"Applicant" means a person who has submitted a change of control application pursuant to K.S.A. 9-1721 , and amendments thereto.
(b)"Control" means the power to:
(1)Vote 25% or more of any class of voting shares;
(2)direct, in any manner, the election of a majority of the directors; or
(3)direct or exercise a controlling influence over the management or policies.
(c)"Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed in this subsection.