Amount of stock owned by one person; voting

17-1511. Amount of stock owned by one person; voting. No person shall be allowed to own or have any interest in more than ten percent of the capital stock of such corporation. Each member shall be entitled to one and only one vote for each director to be elected. History: L. 1913, ch. 137, § 7; R.S. 1923, 17-1511. CASE ANNOTATIONS 1. Election to membership cannot be required before stock transferable; statutes prohibit private corporations from purchasing their own stock; exceptions. Steele v. Telephone Association, 95 Kan. 580, 586, 148 P. 661.