Control share acquisitions; control shares, defined

17-1286. Control share acquisitions; control shares, defined. "Control shares" means shares that, except for this act, would have voting power with respect to shares of an issuing public corporation that, when added to all other shares of the issuing public corporation owned by a person, or in respect to which that person may exercise or direct the exercise of voting power, would entitle that person immediately after acquisition of the shares, directly or indirectly, alone or as part of a group, to exercise or direct the exercise of the voting power of the issuing public corporation, in the election of directors within any of the following ranges of voting power: (a) One-fifth or more but less than 1/3 of all the voting power. (b) One-third or more but less than a majority of all the voting power. (c) A majority or more of all voting power. History: L. 1988, ch. 93, § 1; April 21. Law Review and Bar Journal References: "The Kansas Control Share Acquisition Act," Robert T. Schendel and Terry C. Matlack, 57 J.K.B.A. No. 7, 25 (1988). CASE ANNOTATIONS 1. Issue of jurisdiction regarding propriety of defendant's special stockholders' meeting rendered moot where defendant opted out of statute. Kansas City Power & Light v. Kansas Gas and Elec., 747 F. Supp. 567, 570 (1990). Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026