17-1502. Stock. That every such corporation when so organized and incorporated may issue stock to its shareholders in such amounts and with such limitations as are hereinafter defined. That the shareholders in any such mutual or cooperative corporation, shall each have but one vote in all matters pertaining to the business of such corporation, without regard to the number of shares owned, and no shareholder may own to exceed 5% of the total capital stock of any such cooperative corporation, organized under the provisions of this act; and no such shareholder in any cooperative corporation may own to exceed 5% of the total capital stock of any other cooperative corporation; and no cooperative corporation shall own to exceed 5% of the total capital stock of any other cooperative corporation.
History: L. 1915, ch. 159, ยง 2; R.S. 1923, 17-1502.
Structure Kansas Statutes
Article 15 - Cooperative Societies
17-1501 Incorporation; name; cooperative plan defined.
17-1503 Rights and powers of corporation.
17-1504 Telephone company doing business in rural district.
17-1505 Certificate for secretary of state.
17-1506 Articles of incorporation.
17-1507 Same; execution and filing.
17-1509 Commencement of business.
17-1510 Management of association; directors and officers.
17-1511 Amount of stock owned by one person; voting.
17-1512 Bylaws and regulations.
17-1513 Annual report; annual report fee. [See Revisor's Note]
17-1514 Cooperative corporations heretofore organized.
17-1515 Use of "cooperative" as part of corporate name.
17-1516 Dissolution of certain mutual telephone companies.
17-1517 Same; resolution; notice of meeting of stockholders.
17-1518 Same; disposition of assets and property; filing with secretary of state.
17-1519 Same; dissolution when meeting held and assets sold prior to June 30, 1949.