Printable Format17-6415. Preincorporation subscriptions; period of irrevocability. Unless otherwise provided by the terms of the subscription, a subscription for stock of a corporation to be formed shall be irrevocable, except with the consent of all other subscribers or the corporation, for a period of six months from its date.
History: L. 1972, ch. 52, § 42; L. 2016, ch. 110, § 41; July 1.
Source or Prior Law:
8 Del. C. § 165.
Cross References to Related Sections:
Powers of incorporators, see 17-6007.
Consideration for stock, see 17-6402.
Subscription for additional shares of stock, see 17-6411.
Enforceability of stock subscription, see 17-6416.
Law Review and Bar Journal References:
"The Kansas Corporation Code of 1972," William E. Treadway, 40 J.B.A.K. 301, 342 (1971).