17-6409. Shares of stock deemed personal property and transferable. - Kansas Statutes

17-6409

Chapter 17.--CORPORATIONS Article 64.--STOCK AND DIVIDENDS

      17-6409.   Shares of stock deemed personal property and transferable. The shares of stock in every corporation shall be deemed personal property and transferable as provided in the acts contained in article 8 of chapter 84 of the Kansas Statutes Annotated. Whenever any transfer of shares shall be made for collateral security, and not absolutely, it shall be so expressed in the entry of the transfer if, when the certificates are presented to the corporation for transfer or uncertificated shares are requested to be transferred, both the transferor and transferee request the corporation to do so.

      History:   L. 1972, ch. 52, § 36; L. 1986, ch. 399, § 6; L. 1988, ch. 99, § 14; Revived and amend., L. 1988, ch. 100, § 14; May 5.