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 9  AN ACT concerning corporations; relating to professional corporations;
10    purpose and powers; amending K.S.A. 17-2710 and repealing the ex-
11    isting section.
12
13  Be it enacted by the Legislature of the State of Kansas:
14    Section 1.  K.S.A. 17-2710 is hereby amended to read as follows: 17-
15  2710. A professional corporation may be organized only for the purpose
16  of rendering one type of professional service and service ancillary thereto
17  and shall not engage in any other business, except that a single profes-
18  sional corporation may be organized to and render professional services
19  under any two or more of the types set forth in items (2), (6), (13) and
20  (17) or under any two or more of the types set forth in items (4), (5), (7),
21    (8), (9), (11), (12), (14), (15), (16) or (18) of subsection (b) of K.S.A. 17-
22  2707 and amendments thereto, but shall be deemed to have the following
23  purposes, whether or not authorized by its article of incorporation:
24    (a)  To purchase, receive, lease, or otherwise acquire, own, hold, im-
25  prove, use and otherwise deal in and with, real or personal property, or
26  any interest therein, wherever situated;
27    (b)  to purchase, receive, or otherwise acquire, own, hold, vote, use,
28  employ, sell, mortgage, lend, pledge, or otherwise dispose of, and oth-
29  erwise use and deal in and with, shares of other interests in, or obligations
30  of, other domestic or foreign corporations, associations, partnerships or
31  individuals, insurance or annuities in any form, or direct or indirect ob-
32  ligations of the United States or of any other government, state, territory,
33  governmental district or municipality or of any instrumentality thereof;
34    (c)  to pay pensions and establish pension plans, profit-sharing plans,
35  stock bonus plans, stock option plans and other incentive plans for any or
36  all of its directors, officers and employees; and
37    (d)  to do all things necessary or incidental to the practice of the pro-
38  fession which the professional corporation is authorized to practice.
39    Sec. 2.  K.S.A. 17-2710 is hereby repealed.
40    Sec. 3.  This act shall take effect and be in force from and after its
41  publication in the statute book.