17-1629. Increase of capital. Any corporation organized under this act may increase its capital to any amount provided that such increase must be first approved by a 2/3 vote of directors and then be approved by affirmative vote of 2/3 of the outstanding shares of voting stock, or if the corporation is organized on the one person, one vote plan, then by the affirmative vote of 2/3 of the corporation's voting stockholders. In lieu of affirmative vote of 2/3 of the outstanding shares of voting stock, or if the corporation is organized on the one person, one vote plan, then in lieu of the affirmative vote of 2/3 of the corporation's voting stockholders, the capital may be increased by affirmative vote of 2/3 of the voting stockholders present and voting at any annual meeting or special meeting called for such purpose and upon written notice sent by first-class mail to every stockholder at such stockholder's last known post-office address at least 10 days prior to such meeting.
History: L. 1931, ch. 150, § 12; L. 1968, ch. 379, § 3; L. 1992, ch. 227, § 24; July 1.
Structure Kansas Statutes
Article 16 - Cooperative Marketing
17-1601 Purpose of cooperative marketing act.
17-1602 Definitions, nonprofit character of associations.
17-1603 Incorporation of associations.
17-1604 Purposes of association.
17-1605 Powers of association.
17-1606 Members or stockholders.
17-1607 Articles of incorporation.
17-1612 Officers; requirements; elections.
17-1613 Certificate of membership; stock and stockholders.
17-1614 Removal of director or officer.
17-1615 Matters subject to referendum, when.
17-1616 Marketing contracts; injunction to prevent breach.
17-1617a Interest in other cooperative association or corporation.
17-1618 Annual report; annual report fee. [See Revisor's Note]
17-1621 Adoption of act by existing corporations.
17-1625 Application and recording fee.
17-1626 Conflicting laws not to apply; exemptions under existing laws to apply.
17-1627 Limitation of use of term "co-operative."
17-1628 Application of general corporation code.
17-1630 Meetings of stockholders and directors; resident agent.
17-1631 Dissolution for failure to carry on business; receivers.
17-1632 Contracts fixing resale prices.
17-1635 Same; invalidity of part.
17-1636 Disposition of property, assets and good will; notice to stockholders.
17-1637 Merger or consolidation of cooperative associations and corporations.
17-1639 When mergers effective; rights and liabilities to surviving association.
17-1640 Surviving association right to issue bonds or other obligations.