17-1288. Same; interested shares, defined. - Kansas Statutes

17-1288

Chapter 17.--CORPORATIONS Article 12.--SECURITIES

      17-1288.   Same; 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.

      History:   L. 1988, ch. 93, § 3; April 21.