17-1631. Dissolution for failure to carry on business; receivers. - Kansas Statutes

17-1631

Chapter 17.--CORPORATIONS Article 16.--COOPERATIVE MARKETING

      17-1631.   Dissolution for failure to carry on business; receivers. Any cooperative corporation, company or association heretofore organized under article 16, chapter 17, of the Revised Statutes of Kansas of 1923, and chapter 150 [*] of the Laws of 1931, and amendments thereto, which has for a period of three years ceased to engage, in good faith, in the primary business for which such corporation or association was organized, shall be dissolved by order of the district court having jurisdiction, on petition of the attorney general, supported by affidavit, and if the court shall find the petition is true, it shall appoint a receiver to wind up the affairs of such corporation and decree its dissolution.

      History:   L. 1933, ch. 144, § 1; L. 1992, ch. 227, § 26; July 1.