17-72a07. Derivative suits. Stockholders of a public benefit corporation owning individually or collectively, as of the date of instituting such derivative suit, at least 2% of the corporation's outstanding shares or, in the case of a corporation with shares listed on a national securities exchange, the lesser of such percentage or shares of at least $2,000,000 in market value, may maintain a derivative lawsuit to enforce the requirements set forth in K.S.A. 2021 Supp. 17-72a05(a), and amendments thereto.
History: L. 2017, ch. 71, ยง 7; July 1.
Structure Kansas Statutes
Article 72a - Public Benefit Corporations
17-72a01 Law applicable to public benefit corporations; how formed.
17-72a02 Public benefit corporation defined; contents of certificate of incorporation.
17-72a03 Amendments and mergers; votes required; appraisal rights.
17-72a04 Stock certificates; notices regarding uncertificated stock.
17-72a06 Periodic statements and third-party certification.
17-72a08 No effect on other corporations.
17-72a09 Application of the Kansas general corporation code to public benefit corporations.