Printable Format17-215.
History: L. 1907, ch. 140, § 17; L. 1913, ch. 140, § 1; R.S. 1923, 17-215; Repealed, L. 1939, ch. 152, § 154; June 30.
CASE ANNOTATIONS
1. Dissolution brought about by two-thirds vote of stockholders, effectuality considered. Kreitzer v. Cement Co., 92 Kan. 835, 840, 141 P. 1004.
2. Directors cannot terminate corporation without consent of stockholders; directors may compromise and settle lawsuit without stockholders' consent. Barton v. Oil Co., 112 Kan. 436, 448, 211 P. 608.
3. Corporation may decrease capital stock by purchasing and canceling outstanding shares. Security Nat'l Bank v. Crystal Ice & Fuel Co., 145 Kan. 899, 904, 67 P.2d 527.