Kansas Statutes
§ 17-6421 — Special purpose reserves
The directors of a corporation may set apart out of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve.
Free access — add to your briefcase to read the full text and ask questions with AI
Kansas § 17-6421 (Special purpose reserves) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1972, ch. 52, § 48; July 1.
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