Home >> Statutes >> Back

Click to open printable format in new window.Printable Format
 | Next

17-6803. Dissolution prior to issuing shares or commencing business; procedure. If a corporation has not issued shares or has not commenced the business for which the corporation was organized, a majority of the incorporators, or, if directors were named in the articles of incorporation or have been elected, a majority of the directors, may surrender all of the corporation's rights and franchises by filing in the office of the secretary of state a certificate, executed by a majority of the incorporators or directors, stating that: (a) No shares of stock have been issued or that the business or activity for which the corporation was organized has not been begun; (b) no part of the capital of the corporation has been paid or, if some capital has been paid, that the amount actually paid in for the corporation's shares, less any part thereof disbursed for necessary expenses, has been returned to those entitled thereto; (c) if the corporation has begun business but it has not issued shares, all debts of the corporation have been paid; (d) if the corporation has not begun business but has issued stock certificates, all issued stock certificates, if any, have been surrendered and canceled; and (e) all rights and franchises of the corporation are surrendered. Upon such certificate becoming effective in accordance with K.S.A. 2022 Supp. 17-7911, and amendments thereto, the corporation shall be dissolved.

History: L. 1972, ch. 52, § 93; L. 2000, ch. 39, § 36; L. 2016, ch. 110, § 79; July 1.

Source or prior law:

17-3601; 8 Del. C. § 274.

Cross References to Related Sections:

Nature of corporate business or purposes, see 17-6002(a)(3).

Commencement of corporate existence, see 17-6006.

Power of corporation to wind up its affairs and dissolve itself, see 17-6102(7).

Dissolution procedure, see 17-6804.

Dissolution of nonstock corporation, see 17-6805.

Continuation of corporate existence after dissolution, see 17-6807.

Receivers for dissolved corporation, see 17-6808 to 17-6810.

Effect of dissolution on pending action, see 17-6811.

Revocation or forfeiture of articles of incorporation by district court, see 17-6812, 17-6813.

Revocation of voluntary dissolution, see 17-7001.

Fee for filing certificate of dissolution, see 17-7506.

 | Next

  06/05/2023 Meeting Notice
  04/25/2023 Meeting Notice Agenda
  LCC Policies

  2023 Valid Section Numbers
  Chapter 72 Statute Transfer List
  Kansas School Equity & Enhancement Act
  Gannon v. State
  Information for Special Session 2021
  General Info., Legal Analysis & Research
  2022 Amended & Repealed Statutes
  2021 Amended & Repealed Statutes
  2020 Amended & repealed Statutes
  2019 Amended & Repealed Statutes

Session Laws

Kansas Legislature
Administrative Services
Division of Post Audit
Research Department