Payment for stock; rights of directors concerning stock not paid in full

17-6413. Payment for stock; rights of directors concerning stock not paid in full. The capital stock of a corporation shall be paid for in such amounts and at such times as the directors may require. From time to time, the directors may demand payment, in respect of each share of stock not fully paid, of such sum of money as the necessities of the business may require, in the judgment of the board of directors, not exceeding in the whole the balance remaining unpaid on said stock, and such sum so demanded shall be paid to the corporation at such times and by such installments as the directors shall direct. The directors shall give notice of the time and place of such payments to each holder of or subscriber for stock that is not fully paid at such holder's or subscriber's last known postal address and such notice shall be given at least 30 days before the time for such payment. History: L. 1972, ch. 52, § 40; L. 2016, ch. 110, § 39; L. 2023, ch. 66, § 17; July 1. Source or Prior Law: 17-3403; 8 Del. C. § 163. Cross References to Related Sections: Consideration for stock, see 17-6402, 17-6403. Partly paid shares of stock, see 17-6406. Liability of stockholder or subscriber for stock not paid in full, see 17-6412. Failure to pay for stock, see 17-6414. 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