40-304. Subscription of stock. After filing a copy of its charter with the commissioner of insurance, and receiving a certificate of authority for the sale of stock as provided in this code, the persons named in the charter shall be commissioners to open books for the subscription of stock in the company, at such times and places as they shall deem convenient and proper, and shall keep the same open until the full amount specified in the certificate of incorporation is subscribed.
History: L. 1927, ch. 231, 40-304; June 1.
Structure Kansas Statutes
Article 3 - Organization, Merger Or Consolidation Of Stock Companies
40-301 Definition of insurance company.
40-302 Minimum capital; par value of stock.
40-303 Powers of board of directors.
40-305 Directors; numbers; election; oath.
40-306 Officers and agents; signatures to contracts.
40-307 Amendment of charter; increase or decrease of capital.
40-308 Transfer of stock; application of dividends on notes or obligations of stockholders.
40-309 Union, merger or consolidation; reinsurance.
40-310 Additional kinds of insurance authorized; surplus and deposit requirements.