Printable Format17-6103. Powers respecting securities of other corporations or entities. Any corporation organized under the laws of this state may guarantee, purchase, take, receive, subscribe for or otherwise acquire; own, hold, use or otherwise employ; sell, lease, exchange, transfer or otherwise dispose of; mortgage, lend, pledge or otherwise deal in and with, bonds and other obligations of, or shares or other securities or interests in, or issued by, any other domestic or foreign corporation, partnership, association, or individual, or by any government or agency or instrumentality thereof. A corporation while owner of any such securities may exercise all the rights, powers and privileges of ownership, including the right to vote.
History: L. 1972, ch. 52, § 13; July 1.
Source or Prior Law:
17-3005; 8 Del. C. § 123.
Cross References to Related Sections:
Powers of corporation respecting its own stock, see 17-6410.
Stock subscriptions, see 17-6415, 17-6416; see also Kansas uniform securities act (chapter 17, article 12a).
Voting rights, see chapter 17, article 65.
Sale, lease or exchange of property and assets, see 17-6801.
Mortgage or pledge of property and assets, see 17-6802.
Defense of usury not available to corporation in enforcing payment of any bond, note or other evidence of indebtedness, see 17-7105.