17-7201. Laws applicable to close corporations. - Kansas Statutes

17-7201

Chapter 17.--CORPORATIONS Article 72.--CLOSE CORPORATIONS

      17-7201.   Laws applicable to close corporations. (a) K.S.A. 17-7201 to 17-7216, inclusive, apply to all close corporations, as defined in K.S.A. 17-7202. Unless a corporation elects to become a close corporation under the foregoing sections in the manner prescribed therein, it shall be subject in all respects to the provisions of this act, except the provisions of K.S.A. 17-7201 to 17-7216, inclusive.

      (b)   All provisions of this act shall be applicable to all close corporations, as defined in K.S.A. 17-7202, except as otherwise provided in K.S.A. 17-7201 to 17-7216, inclusive.

      History:   L. 1972, ch. 52, § 125; July 1.