Formalities required of stock subscriptions

K.S.A. 17-6416, under STOCK AND DIVIDENDS.

K.S.A. 17-6416

17-6416. Formalities required of stock subscriptions. A subscription for stock of a corporation, whether made before or after the formation of a corporation, shall not be enforceable against a subscriber, unless in writing and signed by the subscriber or by such subscriber's agent. History: L. 1972, ch. 52, § 43; L. 2016, ch. 110, § 42; July 1. Source or Prior Law: 8 Del. C. § 166. Cross References to Related Sections: Powers of incorporators, see 17-6007. Consideration for stock, see 17-6402. Subscription for additional shares of stock, see 17-6411. Period of irrevocability of preincorporation subscriptions, see 17-6415. Law Review and Bar Journal References: "The Kansas Corporation Code of 1972," William E. Treadway, 40 J.B.A.K. 301, 342 (1971).