Kansas § 17-1289 Issuing public corporation, defined

Kansas Statutes

§ 17-1289 — Issuing public corporation, defined

Kansas·Ch. 17 CORPORATIONS·Art. 12 SECURITIES

(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.

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(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.

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