Special purpose reserves

17-6421. Special purpose reserves. The directors of a corporation may set apart out of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve. History: L. 1972, ch. 52, § 48; July 1. Source or Prior Law: 17-3504; 8 Del. C. § 171. Cross References to Related Sections: Declaration of dividends on partly paid shares, see 17-6406. Declaration and payment of dividends, see 17-6420. Reliance by directors or designees upon books and records of corporation in declaring and paying dividends, see 17-6422. Method of paying dividends, see 17-6423. 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