17-1290. Same; application of act. (a) Unless before the control acquisition a corporation's articles of incorporation or bylaws provide that this act does not apply to control share acquisitions of shares of the corporation, control shares of an issuing public corporation acquired in a control share acquisition have only such voting rights as are conferred by K.S.A. 17-1294.
(b) Notwithstanding subsection (a), the provisions of this act will not apply to control share acquisitions of an issuing public corporation for a period of six months from the effective date of this act, unless the corporation's articles of incorporation or bylaws provide that this article will apply.
History: L. 1988, ch. 93, ยง 5; April 21.
Structure Kansas Statutes
17-1286 Control share acquisitions; control shares, defined.
17-1287 Same; control share acquisition, defined.
17-1288 Same; interested shares, defined.
17-1289 Same; issuing public corporation, defined.
17-1290 Same; application of act.
17-1291 Same; acquiring person statement, contents.
17-1292 Same; special meeting to determine voting rights, when.
17-1293 Same; notice of special meeting.
17-1294 Same; voting rights of control shares; resolution.
17-1295 Same; redemption of shares, when.
17-1296 Same; dissenters' rights, notice.
17-1297 Same; control shares, voting rights; affiliate and associate, defined.