Kansas Statutes
§ 17-1509 — Commencement of business
No corporation organized under the provisions of this act shall commence business until at least twenty percent of its capital stock has been paid for in actual cash, and a sworn statement to that effect has been filed with the secretary of state, and his receipt for the same shall be construed as a permit to do business.
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Kansas § 17-1509 (Commencement of business) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1913, ch. 137, § 5; R.S. 1923, 17-1509.
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