Repealed

17-608. History: G.S. 1868, ch. 23, § 23; R.S. 1923, 17-608; Repealed, L. 1939, ch. 152, § 154; June 30. Source or Prior Law: L. 1866, ch. 57, § 10. CASE ANNOTATIONS 1. Directors may dispose of unsubscribed capital stock. C.K.& W. Rld. Co. v. Comm'rs of Stafford Co., 36 Kan. 121, 129, 12 P. 593. 2. Bylaws cannot require election by directors before stock transfer registered; bylaws cannot authorize corporation to purchase its own stock; exception. Steele v. Telephone Association, 95 Kan. 580, 582, 588, 148 P. 661. 3. Failure of directors to function constitutes mismanagement justifying appointment of receiver. Jordan v. Austin Securities Co., 142 Kan. 631, 650, 652, 51 P.2d 38. 4. Directors' duty to collect indebtedness due for purchase of corporation stock; statute of limitations runs in director's favor on indebtedness due corporation, when. Guilfoyle v. Brown, 149 Kan. 615, 617, 619, 88 P.2d 1082. 5. Directors, not stockholders, have general management of corporation. Geiman-Herthel Furniture Co. v. Geiman, 160 Kan. 346, 352, 354, 161 P.2d 504. 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