17-1291. Same; acquiring person statement, contents. Any person who makes or proposes to make a control share acquisition may at the person's election deliver an acquiring person statement to the issuing public corporation at the issuing public corporation's principal office. The acquiring person statement must set forth all of the following:
(a) The identity of the acquiring person and each other member of any group of which the person is a part for purposes of determining control shares.
(b) A statement that the acquiring person statement is given pursuant to this act.
(c) The number of shares of the issuing public corporation owned, directly or indirectly, by the acquiring person and each other member of the group.
(d) The range of voting power under which the control share acquisition falls or would, if consummated, fall.
(e) If the control share acquisition has not taken place:
(1) A description in reasonable detail of the terms of the proposed control share acquisition; and
(2) Representations of the acquiring person, together with a statement in reasonable detail of the facts upon which they are based, that the proposed control share acquisition, if consummated, will not be contrary to law, and that the acquiring person has the financial capacity to make the proposed control share acquisition.
History: L. 1988, ch. 93, ยง 6; 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.