Limitations on continuation of close corporation status

17-7205. Limitations on continuation of close corporation status. A close corporation continues to be such and to be subject to the provisions of K.S.A. 17-7201 through 17-7216, and amendments thereto, until: (a) It files with the secretary of state a certificate of amendment deleting from its articles of incorporation the provisions required or permitted by K.S.A. 17-7202, and amendments thereto, to be stated in the articles of incorporation to qualify it as a close corporation; or (b) any one of the provisions or conditions required or permitted by K.S.A. 17-7202, and amendments thereto, to be stated in the articles of incorporation to qualify a corporation as a close corporation has been breached, in fact, and neither the corporation nor any of its stockholders takes the steps required by K.S.A. 17-7208, and amendments thereto, to prevent such loss of status or to remedy such breach. History: L. 1972, ch. 52, § 129; L. 2016, ch. 110, § 109; July 1. Source or Prior Law: 8 Del. C. § 345. Cross References to Related Sections: Limitations on duration of corporation's existence, see 17-6002(b)(5), 17-6102(1). Amendment of articles of incorporation, see 17-6601, 17-6602. Restated articles of incorporation, see 17-6605. Revocation or forfeiture of articles of incorporation for abuse, misuse or nonuse of corporate powers, privileges or franchises, see 17-6812. Extension, renewal or reinstatement of articles of incorporation, see 17-7002. Law Review and Bar Journal References: "Statutory Treatment of the Kansas Close Corporation," 13 W.L.J. 494, 497 (1974). 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