17-6812. Revocation or forfeiture of articles of incorporation; jurisdiction and powers of district court; proceedings by attorney general. (a) The district court shall have jurisdiction to revoke or forfeit the articles of incorporation of any corporation for abuse, misuse or nonuse of its corporate powers, privileges or franchises. The attorney general shall, upon the attorney general's own motion or upon the relation of a proper party, proceed for this purpose by petition in the district court of the county in which the registered office of the corporation is located.
(b) The district court shall have power, by appointment of receivers or otherwise, to administer and wind up the affairs of any corporation whose articles of incorporation shall be revoked or forfeited by any court under any section of this code or otherwise, and to make such orders and decrees with respect thereto as shall be just and equitable respecting its affairs and assets and the rights of its stockholders and creditors.
(c) No proceeding shall be instituted under this section for nonuse of any corporation's powers, privileges or franchises during the first two years after its incorporation.
History: L. 1972, ch. 52, § 102; L. 2016, ch. 110, § 88; July 1.
Structure Kansas Statutes
Article 68 - Dissolution And Disposition Of Corporate Assets
17-6802 Mortgage or pledge of assets.
17-6803 Dissolution prior to issuing shares or commencing business; procedure.
17-6804 Dissolution; procedure; corporations having only two equal stockholders.
17-6805 Same; nonstock corporations; procedure.
17-6805a Dissolution of nonprofit corporation; federal exemption; disposition of corporate assets.
17-6806 Payment of fees prior to dissolution.
17-6808 Trustees or receivers for dissolved corporations; appointment; powers.
17-6808a Notice to claimants; filing of claims.
17-6809 Jurisdiction and powers of district court.
17-6811 Liability of stockholders of dissolved corporations.