2011 Kansas Code
Chapter 17. - CORPORATIONS
Article 72. - CLOSE CORPORATIONS
17-7204 Election of existing corporation to become close corporation.
17-7204. Election of existing corporation to become close corporation. Any corporation organized under the laws of this state may become a close corporation by executing and filing, in accordance with K.S.A. 17-6003 and amendments thereto, a certificate of amendment of its articles of incorporation which shall contain: (1) A statement that it elects to become a close corporation; (2) the provisions required by K.S.A. 17-7202 and amendments thereto to appear in the articles of incorporation of a close corporation; and (3) a heading stating the name of the corporation and that it is a close corporation. Such amendment shall be adopted in accordance with the requirements of K.S.A. 17-6601 or 17-6602 and amendments thereto, except that it must be approved by a vote of the holders of record of at least 2/3 of the shares of each class of stock of the corporation which are outstanding.
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