Kansas Statutes
§ 17-1288 — Interested shares, defined
"Interested shares" means the shares of an issuing public corporation with respect to which any of the following persons may exercise or direct the exercise of voting power in the election of directors of the issuing public corporation:
(a)A person or member of a group that makes or proposes to make a control share acquisition.
(b)Any officer of the issuing public corporation.
(c)Any employee of the issuing public corporation who is also a director of the corporation.
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Legislative History
L. 1988, ch. 93, § 3; April 21.
Nearby Sections
15
§ 17-10a01
Building and loan associations and life insurance companies; authority as members and borrowers§ 17-10a02
Powers of members or borrowers§ 17-10a07
Same; ratification of prior actions§ 17-1287
Control share acquisition, defined§ 17-1288
Interested shares, defined§ 17-1289
Issuing public corporation, defined§ 17-1290
Application of act§ 17-1291
Acquiring person statement, contents