CHAPTER 189
SENATE Substitute for HOUSE BILL No. 2422
An Act concerning corporations; relating to
filing of certain documents; recording with
register of deeds; amending K.S.A. 17-1637,
17-1638, 17-2030, 17-2033, 17-2037, 17-
5545, 17-5548, 17-5556, 17-6005, 17-6204,
17-6205, 17-6206, 17-6701, 17-6702, 17-
6703, 17-6704, 17-6705, 17-6804, 17-7001,
17-7002, 17-7204 and 17-7302 and K.S.A.
1997 Supp. 17-7706 and repealing the existing
sections.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 17-1637 is hereby amended to read as
follows: 17-
1637. (a) Any two or more associations incorporated under the
coopera-
tive marketing act, cited at K.S.A. 17-1601, et seq., and
amendments
thereto, or any association incorporated under the cooperative
marketing
act, cited at K.S.A. 17-1601, et seq., and amendments
thereto, and a cor-
poration existing under the laws of this state, may merge into a
single
association or corporation, which may be any of the constituent
associa-
tions or corporations or they may consolidate into a new
association or
corporation formed by the consolidation, pursuant to an agreement
of
merger or consolidation, as the case may be, complying and approved
in
accordance with this section.
(b) The board of directors of each association or corporation
which
desires to merge or consolidate shall adopt a resolution approving
an
agreement of merger or consolidation. The agreement shall
state:
(1) The terms and conditions of the merger or
consolidation;
(2) the mode of carrying the same into effect;
(3) in the case of a merger, such amendments or changes in the
ar-
ticles of incorporation of the surviving association or corporation
as are
desired to be effected by the merger or, if no such amendments
or
changes are desired, a statement that the articles of incorporation
of the
surviving association or corporation shall be its articles of
incorporation;
(4) in the case of consolidation, that the articles of
incorporation of
the resulting association or corporation shall be as is set forth
in an at-
tachment to the agreement;
(5) the manner of converting the shares of each of the
constituents
into shares or other securities of the association or corporation
surviving
or resulting from the merger or consolidation, and, if any shares
of any
of the constituents are not to be converted solely into shares or
other
securities of the surviving or resulting association or
corporation, the cash,
property, rights or securities of any other association or
corporation which
the holders of such shares are to receive in exchange for, or upon
con-
version of, such shares and the surrender of the certificates
evidencing
certificated shares, which cash, property, rights or securities of
any other
association or corporation may be in addition to or in lieu of
shares or
other securities of the surviving or resulting association or
corporation;
and
(6) such other details or provisions as are deemed desirable,
includ-
ing, without limiting the generality of the foregoing, a provision
for the
payment of cash in lieu of the issuance or recognition of
fractional shares,
interests or rights, or for any other arrangement with respect
thereto,
consistent with the provisions of K.S.A. 17-6405, and
amendments
thereto.
(c) The agreement so adopted shall be executed in accordance
with
K.S.A. 17-6003, and amendments thereto. Any terms of the
agreement
of merger or consolidation may be made dependent upon facts
ascertain-
able outside of such agreement, provided that the manner in which
such
facts shall operate upon the terms of the agreement is clearly and
ex-
pressly set forth in the agreement of merger or consolidation.
(d) The agreement required by subsection (b) shall be
submitted to
the members or stockholders of each constituent association or
corpora-
tion at an annual or special meeting for the purpose of acting on
the
agreement. Due notice of the time, place and purpose of the
meeting
shall be mailed to each member or holder of stock of the
association or
corporation, whether voting or nonvoting, at the member's or
stock-
holder's address as it appears on the records of the association or
cor-
poration, at least 20 days prior to the date of the meeting. At the
meeting
the agreement shall be considered and a vote taken for its adoption
or
rejection. If the agreement is adopted by a vote representing a
majority
of all members of the association or, a majority vote of all
outstanding
stock of the corporation entitled to vote thereon, as applicable,
that fact
shall be certified on the agreement by the secretary or assistant
secretary
of the association or corporation. In lieu of an affirmative vote
of a ma-
jority of all members of the association or, a majority vote of all
outstand-
ing stock of the association entitled to vote, as applicable, the
agreement
may be adopted by a vote of 2/3 of the members or voting
stockholders
present and voting at any annual meeting or special meeting called
for
such purpose. The method of adoption and the votes cast shall be
certified
on the agreement by the secretary or assistant secretary of the
association
or corporation. If the agreement shall be so adopted and certified
by each
constituent association or corporation, the agreement shall then be
exe-
cuted, acknowledged and filed, and shall become effective, in
accordance
with K.S.A. 17-6003, and amendments thereto. It shall be
recorded in
the office of the register of deeds of each county of this
state in which
the registered office of any such constituent association
or corporation is
located; or if any of the constituents shall have been
specially created by
an act of the legislature, then the agreement shall be
recorded in the
county where such association or corporation had its
principal place of
business in this state. In lieu of filing
and recording the agreement of
merger or consolidation, the surviving or resulting association or
corpo-
ration may file a certificate of merger or consolidation, executed
in ac-
cordance with K.S.A. 17-6003, and amendments thereto, which
states:
(1) The name and state of incorporation of each of the
constituent
associations or corporations;
(2) that an agreement of merger or consolidation has been
approved,
adopted, certified, executed and acknowledged by each of the
constituent
associations or corporations in accordance with this
subsection;
(3) the name of the surviving or resulting association or
corporation;
(4) in the case of a merger, such amendments or changes in the
ar-
ticles of incorporation of the surviving association or corporation
as are
desired to be effected by the merger or, if no such changes or
amend-
ments are desired, a statement that the articles of incorporation
of one
of the surviving associations or corporation shall be the articles
of incor-
poration;
(5) in the case of a consolidation, that the articles of
incorporation of
the resulting corporation shall be as is set forth in an attachment
to the
certificate;
(6) that the executed agreement of consolidation or merger is
on file
at the principal place of business of the surviving association or
corpo-
ration, stating the address thereof; and
(7) that a copy of the agreement of consolidation or merger
will be
furnished by the surviving association or corporation, on request
and with-
out cost, to any member or stockholder of any constituent
association or
corporation.
(e) Any agreement of merger or consolidation may contain a
provision
that at any time prior to the filing of the agreement with the
secretary of
state, the agreement may be terminated by the board of directors of
any
constituent association or corporation notwithstanding approval of
the
agreement by the members or stockholders of all or any of the
constituent
associations or corporations. Any agreement of merger or
consolidation
may contain a provision that the boards of directors of the
constituent
associations or corporations may amend the agreement at any time
prior
to the filing of the agreement, or a certificate in lieu thereof,
with the
secretary of state provided that an amendment made subsequent to
the
adoption of the agreement by the members or stockholders of any
con-
stituent association or corporation shall not:
(1) Alter or change the amount or kind of shares, securities,
cash,
property or rights, or any of the proceedings, in exchange for or
on con-
version of all or any of the shares of any class or series thereof
of such
constituent association or corporation;
(2) alter or change any term of the articles of incorporation
of the
surviving association or corporation to be effected by the merger
or con-
solidation; or
(3) alter or change any of the terms and conditions of the
agreement
if such alteration or change would adversely affect the members or
hold-
ers of any class of series thereof of such constituent association
or cor-
poration.
(f) In the case of a merger, the articles of incorporation of
the sur-
viving association or corporation shall automatically be amended to
the
extent, if any, that change in the articles of incorporation are
set forth in
the agreement of merger.
(g) Notwithstanding the requirements of subsection (d), unless
re-
quired by its articles of incorporation, no vote of members or
stockholders
of a constituent association or corporation surviving a merger
shall be
necessary to authorize a merger if:
(1) The agreement of merger does not amend in any respect
the
articles of incorporation of the surviving corporation; and
(2) the aggregate stockholders' equity, as determined in
accordance
with generally accepted accounting principles, of the stock or
other equity
of the surviving association or corporation to be issued or
delivered under
the plan of merger does not constitute more than 25% of the
aggregate
stockholders' equity, as determined in accordance with generally
accepted
accounting principles, of all classes of stock or other equity of
the surviv-
ing association or corporation immediately following the
effectiveness of
the merger. If an agreement of merger is adopted by the
constituent
association or corporation surviving the merger, by action of its
board of
directors and without any vote of the constituent association's or
corpo-
ration's members or stockholders pursuant to this subsection, the
secre-
tary or assistant secretary of such association or corporation
shall certify
on the agreement, under the seal, that the agreement has been
adopted
pursuant to this subsection and that, as of the date of such
certificate, the
stockholders' equity of the association or corporation was such as
to ren-
der this subsection applicable. The agreement so adopted and
certified
shall then be executed, acknowledged and filed, and shall become
effec-
tive, in accordance with K.S.A. 17-6003, and amendments thereto.
Such
filing shall constitute a representation by the person who executes
the
agreement that the facts stated in the certificate remain true
immediately
prior to such filing.
Sec. 2. K.S.A. 17-1638 is hereby amended to read as
follows: 17-
1638. (a) Any one or more associations incorporated under the
coopera-
tive marketing act, cited at K.S.A. 17-1601 et seq., and
amendments
thereto, may merge or consolidate with one or more other
associations
or corporations of any other state or states of the United States,
or of the
District of Columbia if the laws of such other jurisdiction permit
an as-
sociation or corporation of such jurisdiction to merge or
consolidate with
an association or corporation of another jurisdiction. The
constituent as-
sociations or corporations may merge into a single association or
corpo-
ration, which may be any one of the constituents, or they may
consolidate
into a new association or corporation formed by the consolidation,
which
may be an association or corporation of the state of incorporation
of any
one of the constituent associations or corporations, pursuant to an
agree-
ment of merger or consolidation, as the case may be, complying
and
approved in accordance with this section. In addition, any one or
more
associations or corporations organized under the laws of any
jurisdiction
other than one of the United States may merge or consolidate with
one
or more associations incorporated under the cooperative marketing
act,
cited at K.S.A. 17-1601 et seq., and amendments thereto, if
the surviving
or resulting association or corporation will be an association or
corpora-
tion of this state, and if the laws under which the other
associations or
corporations are formed permit an association or corporation of
such ju-
risdiction to merge or consolidate with an association or
corporation of
another jurisdiction.
(b) All the constituent associations or corporations shall
enter into an
agreement of merger or consolidation. The agreement shall
state:
(1) The terms and conditions of the merger or
consolidation;
(2) the mode of carrying the same into effect;
(3) the manner of converting the shares of each of the
constituent
associations or corporations into shares or other securities of the
associ-
ation or corporation surviving or resulting from the merger or
consoli-
dation and, if any shares of any of the constituents are not to be
converted
solely into shares or other securities of the surviving or
resulting associ-
ation or corporation, the cash, property, rights or securities of
any other
association or corporation which the holders of such shares are to
receive
in exchange for, or upon conversion of, such shares and the
surrender of
the certificates evidencing certificated shares, which cash,
property, rights
or securities of any other association or corporation may be in
addition
to or in lieu of the shares or other securities of the surviving or
resulting
association or corporation;
(4) such other details or provisions as are deemed desirable,
includ-
ing, without limiting the generality of the foregoing, a provision
for the
payment of cash in lieu of the issuance or recognition of
fractional shares
of the surviving or resulting association or corporation or of any
other
association or corporation the securities of which are to be
received in
the merger or consolidation, or for some other arrangement with
respect
thereto consistent with the provisions of K.S.A. 17-6405, and
amend-
ments thereto; and
(5) such other provisions or facts as shall be required to be
set forth
in articles of incorporation by the laws of the state which are
stated in
the agreement to be the laws that shall govern the surviving or
resulting
association or corporation and that can be stated in the case of a
merger
or consolidation.
(c) Any of the terms of the agreement of merger or
consolidation may
be made dependent upon facts ascertainable outside of such
agreement,
provided that the manner in which such facts shall operate upon the
terms
of the agreement is clearly and expressly set forth in the
agreement of
merger or consolidation.
(d) The agreement shall be adopted, approved, certified,
executed
and acknowledged by each of the constituent associations or
corporations
in accordance with the laws under which it is formed, and, in the
case of
a Kansas association, in the same manner as provided in K.S.A.
17-1637
and amendments thereto. The agreement shall be filed
and recorded and
shall become effective for all purposes of the laws of this state
as provided
in K.S.A. 17-1637 and amendments thereto with respect to the
merger or
consolidation of associations or corporations of this state. In
lieu of filing
and recording the agreement of merger or
consolidation, the surviving or
resulting association or corporation may file a certificate of
merger or
consolidation, executed in accordance with K.S.A. 17-6003, and
amend-
ments thereto, which states:
(1) The name and state of incorporation of each of the
constituents;
(2) that an agreement of merger or consolidation has been
approved,
adopted, certified, executed and acknowledged by each of the
constitu-
ents in accordance with this subsection;
(3) the name of the surviving or resulting association or
corporation;
(4) in the case of a merger, such amendments or changes in the
ar-
ticles of incorporation of the surviving association or corporation
as are
desired to be effected by the merger or, if no such amendments
or
changes are desired, a statement that the articles of incorporation
of the
surviving association or corporation shall be the association's or
corpora-
tion's articles of incorporation;
(5) in the case of a consolidation, that the articles of
incorporation of
the resulting association or corporation shall be as is set forth
in an at-
tachment to the certificate;
(6) that the executed agreement of consolidation or merger is
on file
at the principal place of business of the surviving association or
corpo-
ration and address thereof;
(7) that a copy of the agreement of consolidation or merger
will be
furnished by the surviving association or corporation, on request
and with-
out cost, to any member or stockholder of any constituent;
(8) if the association or corporation surviving or resulting
from the
merger or consolidation is to be an association or corporation of
this state,
the authorized capital stock of each constituent association or
corporation
which is not an association or corporation of this state; and
(9) the agreement, if any, required by subsection (e).
(e) If the association or corporation surviving or resulting
from the
merger or consolidation is to be governed by the laws of the
District of
Columbia or any state other than this state, it shall agree that it
may be
served with process in this state in any proceeding for enforcement
of
any obligation of any constituent association or corporation of
this state,
as well as for enforcement of any obligation of the surviving or
resulting
association or corporation arising from the merger or
consolidation, in-
cluding any suit or other proceeding to enforce the right of any
member
or stockholder as determined in appraisal proceedings pursuant to
the
provisions of K.S.A. 17-1642, and shall irrevocably appoint the
secretary
of state as such association's or corporation's last known agent to
accept
service of process in any such suit or other proceedings and shall
specify
the address to which a copy of such process shall be mailed by the
sec-
retary of state. Service of such process shall be made by
personally deliv-
ering to and leaving with the secretary of state duplicate copies
of such
process. The secretary of state shall forthwith send by registered
mail one
of such copies to such surviving or resulting association or
corporation at
such association's or corporation's last known address.
(f) The provisions of subsection (e) of K.S.A. 17-1637 shall
apply to
any merger or consolidation under this section. The provisions of
sub-
section (f) of K.S.A. 17-1637 shall apply to a merger under this
section in
which the surviving association or corporation is an association or
cor-
poration of this state. The provisions of subsection (g) of K.S.A.
17-1637
shall apply to any merger under this section.
Sec. 3. K.S.A. 17-2030 is hereby amended to read as
follows: 17-
2030. Any business trust, whether domestic or foreign, desiring to
transact
business in this state shall file in the office of the secretary of
state, on
such forms, if any, as the secretary of the state may
prescribe:
(a) An executed copy of the trust instrument by which the
trust was
created and of all amendments thereto or a true and correct copy
thereof
certified to be such by a trustee thereof before an official
authorized to
administer oaths or by a public official of another state,
territory, or coun-
try in whose office an executed copy thereof is on file;
(b) a verified list of the names and addresses of its
trustees; and
(c) a balance sheet, certified by a certified public
accountant as of a
date no earlier than sixty (60) 60 days
prior to such date of filing, fairly
and truly reflecting its assets and liabilities and specifically
setting out its
corpus: Provided, ,
except that in the case of a foreign business trust such
balance sheet shall fairly and truly reflect an allocation of its
money and
other assets as between those located, used, or to be used in this
state
and those located, used, or to be used elsewhere;
(d) the location of its registered office in this state and
the name of
its resident agent in charge of such registered office; and
(e) a foreign business trust shall file its irrevocable
consent to service
of process, accompanied by a duly certified copy of an order or
resolution
of the trustees of any foreign business trust authorizing the
execution and
filing of such irrevocable consent, conforming in substance to the
consent
required of foreign corporations in K.S.A. 17-7301 and
amendments
thereto.
The secretary of state shall furnish a certified copy of
the trust instru-
ment and amendments under his hand and the seal of his
office, which
certified copy shall be recorded in the office of the
register of deeds of
the county in which the registered office of said business
trust in this state
is located.
Sec. 4. K.S.A. 17-2033 is hereby amended to read as
follows: 17-
2033. The trust instrument by which the business trust was created
may
be amended in the manner specified therein or in such manner as is
valid
under the common law applicable to business
trusts: Provided,
however,,
except that no such amendment adopted subsequent to the
preliminary
filings required by K.S.A. 17-2030, as amended,
and amendments thereto
shall be legally effective in this state until an executed copy
thereof has
been filed in the office of the secretary of state, accompanied by
a fee of
twenty dollars ($20), and a copy thereof certified under
the hand and seal
of the secretary of state has been recorded in the office
of the register of
deeds of the county in which the registered office in this
state of the
business trust is located $20.
Sec. 5. K.S.A. 17-2037 is hereby amended to read as
follows: 17-
2037. Any business trust, domestic or foreign, which has obtained
au-
thority under this act to transact business in Kansas may surrender
its
said authority at any time by filing in the office
of the secretary of state
a certified copy of a resolution duly adopted by its trustees
declaring its
intention to withdraw, accompanied by a withdrawal fee of
twenty dollars
($20); recording a copy thereof, duly certified under the
hand and seal
of the secretary of state, in the office of the register of
deeds in the county
in which its registered office in this state is
located $20; and filing all
annual reports and paying all annual franchise taxes required by
K.S.A.
17-2036, as amended and amendments thereto,
and not theretofore pre-
viously filed and paid. During a period of five
(5) years following the
effective date of such withdrawal the business trust shall
nevertheless be
entitled to convey and dispose of its property and assets in this
state,
settle and close out its business in this state, and perform any
other act
or acts pertinent to the liquidation of its business, property, and
assets in
this state, and to prosecute and defend all suits filed prior to
the expiration
of said such five-year period involving
causes of action arising prior to the
effective date of such withdrawal or arising out of any act or
transaction
occurring during said such five-year period
in the course of the liquidation
of its business, property, or assets.
The withdrawal of a business trust as aforesaid
provided in this section
shall have no effect upon any suit filed by or against it prior to
the expi-
ration of said such five-year period until
such suit has been finally deter-
mined or otherwise finally concluded and all judgments,
orders, and de-
crees entered therein have been fully executed, even though such
final
determination, conclusion, or execution occurs after the expiration
of said
such five-year period. With respect to a foreign business
trust, withdrawal
hereunder pursuant to this section shall
not affect its written consent to
be sued in the courts of this state, or the jurisdiction over such
foreign
business trust of the courts of this state, with respect to any
cause of
action which arose prior to the effective date of its
withdrawal.
Sec. 6. K.S.A. 17-5545 is hereby amended to read as
follows: 17-
5545. Upon the approval of the commissioner, which approval shall
be
endorsed upon four three copies of the
merger agreement, the merger
agreement shall become binding upon the respective merging
associa-
tions and the merger shall thereupon be effective. The commissioner
shall
place a copy of the merger agreement so endorsed in the permanent
files
of his office and forward a copy of the merger agreement so
endorsed to
the secretary of state for filing. The two
remaining copies copy of the
merger agreement so endorsed shall be returned to the association
re-
sulting from such merger, one of which and
shall be for its permanent
records and the other shall be filed by said association in
the office of the
register of deeds of the county in which the home office of
such associ-
ation is located. Such association shall file a
copy of such merger agree-
ment certified by the register of deeds of the county in which the
home
office of such association is located in every county in which it
shall be
necessary in order to show transfer of title to property. The
commissioner,
upon such approval, shall, if one or more of the merging
associations is a
federal savings and loan association, notify the federal home loan
bank.
Sec. 7. K.S.A. 17-5548 is hereby amended to read as
follows: 17-
5548. The board of directors of any association may at a meeting
called
for that purpose adopt a plan of reorganization of the association.
Six (6)
copies of the proposed plan of reorganization signed and
acknowledged
by an officer of the association shall be submitted to the
commissioner.
If the commissioner shall approve approves
the proposed plan of reor-
ganization, the commissioner shall endorse his or
her such commissioner's
approval and the date thereof upon the six (6)
copies, three (3) of which
shall be retained by the commissioner and three
(3) copies returned to
the association, one of which shall be retained by the association.
Within
six (6) months after approval, the plan shall be
presented to the members
at an annual meeting, or a special meeting called for the purpose
of acting
upon such plan, or the approval shall become void. At any such
meeting
called for the purpose of acting upon a plan of reorganization
which pro-
vides for a reduction of the association's savings liability to
each of its
shareholders or
(depositors) pro rata to remedy
an impairment of capital,
any provision of the association's bylaws notwithstanding, each
such
shareholder or (depositor)
shall be entitled to one (1) vote, plus an ad-
ditional vote for each one hundred dollars ($100)
$100 or fraction thereof
of the amount credited to such shareholder or
(depositor) on the books
of the association, without any limitation, except as
herein provided, on
for the total votes which may be cast by each shareholder
or (depositor).
If at such meeting fifty-one percent (51%)
51% of the shares represented
in person or by proxy vote the adoption of such approved plan, the
as-
sociation may proceed to reorganize in accordance therewith.
An ac-
knowledged copy of the approved plan bearing the approval
of the com-
mittee and a certified copy of the resolution adopting the
same shall be
filed in the office of the register of deeds of the county
in which the home
office of the association is located. Five
(5) copies of the resolution
adopted approving such plan of reorganization and five
statements of
filing with the register of deeds all certified by the
secretary or an assistant
secretary shall be filed with the commissioner.
The commissioner shall
place a copy of such certified resolution and statement and a copy
of the
approved plan in the permanent files of his or her
such commissioner's
office, and transmit copies thereof to the secretary of state.
Copies of the
instruments filed with the register of deeds of the county
in which the
home office is located, certified by such register of
deeds, shall be filed
with the register of deeds in every county where necessary to show
trans-
fer of title of property.
Sec. 8. K.S.A. 17-5556 is hereby amended to read as
follows: 17-
5556. The commissioner shall place a copy in the permanent files of
his
the commissioner's office and file a copy with the secretary
of state and
with the register of deeds of the county in which the home
office of such
association was located.
Sec. 9. K.S.A. 17-6005 is hereby amended to read as
follows: 17-
6005. A copy of the articles of incorporation, or of a restated
articles of
incorporation, or of any other certificate or instrument which has
been
filed in the office of the secretary of state as required by any
provision of
this act, when duly certified by the secretary of state and
accompanied
by the certificate of the register of deeds of the county
in which it has
been recorded under his hand and the seal of his office
stating the fact
and record of its recording in his office, shall
be received in all courts,
public offices and official bodies as prima facie evidence of:
(a) Due execution, acknowledgment, and
filing and recording of the
instrument;
(b) Observance and performance of all acts and conditions
necessary
to have been observed and performed precedent to the instrument
be-
coming effective; and
(c) Any other facts required or permitted by law to be stated
in the
instrument.
Sec. 10. K.S.A. 17-6204 is hereby amended to read as
follows: 17-
6204. (a) A resident agent may change the address of the registered
office
of the corporation or corporations for which such agent is resident
agent
to another address in this state by filing with the secretary of
state a
certificate, executed and acknowledged by such resident agent,
setting
forth the names of all the corporations represented by such
resident
agent, and the address at which such resident agent has maintained
the
registered office for each of such corporations, and further
certifying to
the new address to which each such registered office will be
changed on
a given day, and at which new address such resident agent will
thereafter
maintain the registered office for each of the corporations recited
in the
certificate. Upon the filing of such certificate, with one
copy thereof for
each corporation listed on the certificate, the secretary
of state shall fur-
nish a certified copy of the same under the secretary's
hand and seal of
office, and the certified copy shall be recorded by the
resident agent in
the office of the register of deeds of the county where the
registered
office of the corporation is located in this
state, and thereafter, or until
further change of address, as authorized by law, the registered
office in
this state of each of the corporations recited in the certificate
shall be
located at the new address of the resident agent thereof as given
in the
certificate. If the location of such office shall be
changed from one county
to another county, a certified copy of such certificate
shall also be re-
corded in the office of the register of deeds for the
county in which such
office was formerly located.
(b) Whenever the location of a resident agent's office is
moved to
another room or suite within the same structure and such change is
re-
ported in writing to the secretary of state, no fee shall be
charged for
recording such change on the appropriate records on file with the
sec-
retary of state.
(c) In the event of a change of name of any person or
corporation
acting as resident agent in this state, such resident agent shall
file with
the secretary of state a certificate, executed and acknowledged by
such
resident agent, setting forth the new name of such resident agent,
the
name of such resident agent before it was changed, the names of all
the
corporations represented by such resident agent, and the address at
which
such resident agent has maintained the registered office for each
of such
corporations. Upon the filing of such certificate, with one
copy thereof
for each corporation listed on the certificate, the
secretary of state shall
furnish a certified copy of the same under the secretary's
hand and seal
of office, and the certified copy shall be recorded by the
resident agent
in the office of the register of deeds of the county where
the registered
office of each of the corporations recited in the
certificate is located in
this state.
Sec. 11. K.S.A. 17-6205 is hereby amended to read as
follows: 17-
6205. The resident agent of one or more corporations may resign
and
appoint a successor resident agent by filing in duplicate a
certificate with
the secretary of state, stating the name and address of the
successor agent,
in accordance with subsection (a)(2) of K.S.A. 17-6002 and
amendments
thereto. There shall be attached to such certificate a
statement of each
affected corporation ratifying and approving such change of
resident
agent. Each such statement shall be executed and acknowledged in
ac-
cordance with K.S.A. 17-6003 and amendments thereto. Upon
such filing,
the successor resident agent shall become the resident agent of
such
corporations as have ratified and approved such substitution and
the suc-
cessor resident agent's address, as stated in such certificate,
shall become
the address of each such corporation's registered office in this
state. The
secretary of state shall then issue his certificate that the
successor resident
agent has become the resident agent of the corporations so
ratifying and
approving such change, and setting out the names of such
corporations.
The certificate of the secretary of state shall be recorded in
accordance
with K.S.A. 17-6003 and amendments thereto, and the register
of deeds
shall forthwith make a note of the change of registered office and
resident
agent on the margin of the record of the articles of incorporation
of those
corporations which have ratified and approved such change.
If the loca-
tion of such office shall be changed from one county to
another county,
a certified copy of such certificate shall also be recorded
in the office of
the register of deeds for the county in which such office
will thereafter
be located.
Sec. 12. K.S.A. 17-6206 is hereby amended to read as
follows: 17-
6206. (a) The resident agent of one or more corporations may
resign
without appointing a successor by filing in duplicate a certificate
with the
secretary of state; but such resignation shall not become effective
until
sixty (60) 60 days after the certificate is
filed. There shall be attached to
such certificate, in duplicate, an affidavit of
such resident agent, if an
individual, or of the president, a vice-president, or the secretary
thereof,
if a corporation that at least thirty (30)
30 days prior to the date of the
filing of said such certificate, due notice
was sent by certified or registered
mail to the corporation for which such resident agent was acting,
by mail-
ing to the secretary of said such
corporation, as said such secretary's
name
and address appears on the last annual report of
said such corporation
filed with the secretary of state, or if no annual report has been
filed,
then as otherwise shown by the files and records of the secretary
of state.
(b) Upon the filing of such certificate of resignation
with the secretary
of state, the secretary of state shall furnish the
resigning agent a certified
copy of such certificate with attached affidavit, and the
same shall be
recorded in the office of the register of deeds for the
county in which the
articles of incorporation or certificate of authority to do
business of such
corporation is recorded, and the register of deeds shall
forthwith make a
note of the resignation of such resident agent on the
margin of the record
of the articles of incorporation or certificate of
authority to do business
of such corporation.
(c) After receipt of the notice of the
resignation of its resident agent,
provided for in subsection (a) of this section, the corporation for
which
such resident agent was acting shall obtain and designate a new
resident
agent to take the place of the resident agent so resigning in the
same
manner as provided in K.S.A. 17-6203 and amendments thereto
for
change of resident agent. If such corporation, being a corporation
of this
state, fails to obtain and designate a new resident agent as
aforesaid prior
to the expiration of the period of sixty (60)
60 days after the filing by the
resident agent of the certificate of resignation, the secretary of
state shall
declare the corporate existence of such corporation forfeited. If
such cor-
poration, being a foreign corporation, fails to obtain and
designate a new
resident agent as aforesaid prior to the expiration of the period
of sixty
(60) 60 days after the filing by the
resident agent of the certificate of
resignation, the secretary of state shall forfeit its authority to
do business
in this state.
(d) (c) After the resignation of the
resident agent shall have become
effective, as provided in this section, and if no new resident
agent shall
have been obtained and designated in the time and manner
aforesaid,
service of legal process against the corporation for which the
resigned
resident agent had been acting shall thereafter be upon the
secretary of
state in the manner prescribed by K.S.A. 60-304 and amendments
thereto.
Sec. 13. K.S.A. 17-6701 is hereby amended to read as
follows: 17-
6701. (a) Any two or more corporations existing under the laws of
this
state and authorized to issue capital stock may merge into a single
cor-
poration, which may be any one of the constituent corporations or
they
may consolidate into a new corporation formed by the consolidation,
pur-
suant to an agreement of merger or consolidation, as the case may
be,
complying and approved in accordance with this section.
(b) The board of directors of each corporation which desires
to merge
or consolidate shall adopt a resolution approving an agreement of
merger
or consolidation. The agreement shall state: (1) The terms and
conditions
of the merger or consolidation; (2) the mode of carrying the same
into
effect; (3) in the case of a merger, such amendments or changes in
the
articles of incorporation of the surviving corporation as are
desired to be
effected by the merger or, if no such amendments or changes are
desired,
a statement that the articles of incorporation of the surviving
corporation
shall be its articles of incorporation; (4) in the case of
consolidation, that
the articles of incorporation of the resulting corporation shall be
as is set
forth in an attachment to the agreement; (5) the manner of
converting
the shares of each of the constituent corporations into shares or
other
securities of the corporation surviving or resulting from the
merger or
consolidation, and, if any shares of any of the constituent
corporations are
not to be converted solely into shares or other securities of the
surviving
or resulting corporation, the cash, property, rights or securities
of any
other corporation which the holders of such shares are to receive
in
exchange for, or upon conversion of, such shares and the surrender
of
the certificates evidencing certificated shares, which cash,
property, rights
or securities of any other corporation may be in addition to or in
lieu of
shares or other securities of the surviving or resulting
corporation; and
(6) such other details or provisions as are deemed desirable,
including,
without limiting, the generality of the foregoing, a provision for
the pay-
ment of cash in lieu of the issuance or recognition of fractional
shares,
interests or rights, or for any other arrangement with respect
thereto,
consistent with the provisions of K.S.A. 17-6405, and
amendments
thereto. The agreement so adopted shall be executed in accordance
with
K.S.A. 17-6003, and amendments thereto. Any terms of the
agreement
of merger or consolidation may be made dependent upon facts
ascertain-
able outside of such agreement, provided that the manner in which
such
facts shall operate upon the terms of the agreement is clearly and
ex-
pressly set forth in the agreement of merger or consolidation.
(c) The agreement required by subsection (b) shall be
submitted to
the stockholders of each constituent corporation at an annual or
special
meeting thereof for the purpose of acting on the agreement. Due
notice
of the time, place and purpose of the meeting shall be mailed to
each
holder of stock of the corporation, whether voting or nonvoting, at
the
stockholder's address as it appears on the records of the
corporation, at
least 20 days prior to the date of the meeting. At the meeting the
agree-
ment shall be considered and a vote taken for its adoption or
rejection.
If a majority of the outstanding stock of the corporation entitled
to vote
thereon shall be voted for the adoption of the agreement, that fact
shall
be certified on the agreement by the secretary or assistant
secretary of
the corporation. If the agreement shall be so adopted and certified
by
each constituent corporation, it shall then be executed,
acknowledged and
filed, and shall become effective, in accordance with K.S.A.
17-6003, and
amendments thereto. It shall be recorded in the office of
the register of
deeds of each county of this state in which the registered
office of any
such constituent corporation is located; or if any of the
constituent cor-
porations shall have been specially created by an act of
the legislature,
then the agreement shall be recorded in the county where
such corpo-
ration had its principal place of business in this
state. In lieu of filing and
recording the agreement of merger or
consolidation, the surviving or re-
sulting corporation may file a certificate of merger or
consolidation, ex-
ecuted in accordance with K.S.A. 17-6003, and amendments
thereto,
which states: (1) The name and state of incorporation of each of
the
constituent corporations; (2) that an agreement of merger or
consolida-
tion has been approved, adopted, certified, executed and
acknowledged
by each of the constituent corporations in accordance with this
section;
(3) the name of the surviving or resulting corporation; (4) in the
case of
a merger, such amendments or changes in the articles of
incorporation
of the surviving corporation as are desired to be effected by the
merger
or, if no such changes or amendments are desired, a statement that
the
articles of incorporation of one of the surviving corporations
shall be the
articles of incorporation; (5) in the case of a consolidation, that
the articles
of incorporation of the resulting corporation shall be as is set
forth in an
attachment to the certificate; (6) that the executed agreement of
consol-
idation or merger is on file at the principal place of business of
the sur-
viving or resulting corporation, stating the address thereof; and
(7) that a
copy of the agreement of consolidation or merger will be furnished
by
the surviving or resulting corporation, on request and without
cost, to any
stockholder of any constituent corporation.
(d) Any agreement of merger or consolidation may contain a
provi-
sion that at any time prior to the filing of the agreement or
certificate in
lieu thereof with the secretary of state, the agreement may be
terminated
by the board of directors of any constituent corporation
notwithstanding
approval of the agreement by the stockholders of all or any of the
con-
stituent corporations. Any agreement of merger or consolidation may
con-
tain a provision that the boards of directors of the constituent
corporations
may amend the agreement at any time prior to the filing of the
agreement,
or a certificate in lieu thereof, with the secretary of state,
except that an
amendment made subsequent to the adoption of the agreement by
the
stockholders of any constituent corporation shall not: (1) Alter or
change
the amount or kind of shares, securities, cash, property or rights,
or any
of the proceedings, in exchange for or on conversion of all or any
of the
shares of any class or series thereof of such constituent
corporation; (2)
alter or change any term of the articles of incorporation of the
surviving
or resulting corporation to be effected by the merger or
consolidation; or
(3) alter or change any of the terms and conditions of the
agreement if
such alteration or change would adversely affect the holders of any
class
or series thereof of such constituent corporation.
(e) In the case of a merger, the articles of incorporation of
the sur-
viving corporation shall automatically be amended to the extent, if
any,
that changes in the articles of incorporation are set forth in the
agreement
of merger.
(f) Notwithstanding the requirements of subsection (c), unless
re-
quired by its articles of incorporation, no vote of stockholders of
a con-
stituent corporation surviving a merger shall be necessary to
authorize a
merger if: (1) The agreement of merger does not amend in any
respect
the articles of incorporation of such constituent corporation; (2)
each
share of stock of such constituent corporation outstanding
immediately
prior to the effective date of the merger is to be an identical
outstanding
or treasury share of the surviving corporation after the effective
date of
the merger; and (3) either no shares of common stock of the
surviving
corporation and no shares, securities or obligations convertible
into such
stock are to be issued or delivered under the plan of merger, or
the
authorized unissued shares or the treasury shares of common stock
of the
surviving corporation to be issued or delivered under the plan of
merger
plus those initially issuable upon conversion of any other shares,
securities
or obligations to be issued or delivered under such plan do not
exceed
20% of the shares of common stock of such constituent corporation
out-
standing immediately prior to the effective date of the merger. No
vote
of stockholders of a constituent corporation shall be necessary to
author-
ize a merger or consolidation if no shares of the stock of such
corporation
shall have been issued prior to the adoption by the board of
directors of
the resolution approving the agreement of merger or consolidation.
If an
agreement of merger is adopted by the constituent corporation
surviving
the merger, by action of its board of directors and without any
vote of its
stockholders pursuant to this subsection, the secretary or
assistant sec-
retary of that corporation shall certify on the agreement that the
agree-
ment has been adopted pursuant to this subsection and: (1) If it
has been
adopted pursuant to the first sentence of this subsection, that the
con-
ditions specified in that sentence have been satisfied, or (2) if
it has been
adopted pursuant to the second sentence of this subsection, that no
shares
of stock of such corporation were issued prior to the adoption by
the
board of directors of the resolution approving the agreement of
merger
or consolidation. The agreement so adopted and certified shall then
be
executed, acknowledged and filed, and shall become effective, in
accord-
ance with K.S.A. 17-6003, and amendments thereto. Such filing
shall
constitute a representation by the person who executes the
agreement
that the facts stated in the certificate remain true immediately
prior to
such filing.
Sec. 14. K.S.A. 17-6702 is hereby amended to read as
follows: 17-
6702. (a) Any one or more corporations of this state may merge or
con-
solidate with one or more other stock corporations of any other
state or
states of the United States, or of the District of Columbia if the
laws of
such other jurisdiction permit a corporation of such jurisdiction
to merge
or consolidate with a corporation of another jurisdiction. The
constituent
corporations may merge into a single corporation, which may be any
one
of the constituent corporations, or they may consolidate into a new
cor-
poration formed by the consolidation, which may be a corporation of
the
state of incorporation of any one of the constituent corporations,
pursuant
to an agreement of merger or consolidation, as the case may be,
comply-
ing and approved in accordance with this section. In addition, any
one or
more corporations organized under the laws of any jurisdiction
other than
one of the United States may merge or consolidate with one or
more
corporations existing under the laws of this state, if the
surviving or re-
sulting corporation will be a corporation of this state, and if the
laws under
which the other corporation or corporations are formed permit a
corpo-
ration of such jurisdiction to merge or consolidate with a
corporation of
another jurisdiction.
(b) All the constituent corporations shall enter into an
agreement of
merger or consolidation. The agreement shall state: (1) The terms
and
conditions of the merger or consolidation; (2) the mode of carrying
the
same into effect; (3) the manner of converting the shares of each
of the
constituent corporations into shares or other securities of the
corporation
surviving or resulting from the merger or consolidation and, if any
shares
of any of the constituent corporations are not to be converted
solely into
shares or other securities of the surviving or resulting
corporation, the
cash, property, rights or securities of any other corporation which
the
holders of such shares are to receive in exchange for, or upon
conversion
of, such shares and the surrender of the certificates evidencing
certifi-
cated shares, which cash, property, rights or securities of any
other cor-
poration may be in addition to or in lieu of the shares or other
securities
of the surviving or resulting corporation; (4) such other details
or provi-
sions as are deemed desirable, including, without limiting the
generality
of the foregoing, a provision for the payment of cash in lieu of
the issuance
or recognition of fractional shares of the surviving or resulting
corporation
or of any other corporation the securities of which are to be
received in
the merger or consolidation, or for some other arrangement with
respect
thereto consistent with the provisions of K.S.A. 17-6405, and
amend-
ments thereto; and (5) such other provisions or facts as shall be
required
to be set forth in articles of incorporation by the laws of the
state which
are stated in the agreement to be the laws that shall govern the
surviving
or resulting corporation and that can be stated in the case of a
merger or
consolidation. Any of the terms of the agreement of merger or
consoli-
dation may be made dependent upon facts ascertainable outside of
such
agreement, provided that the manner in which such facts shall
operate
upon the terms of the agreement is clearly and expressly set forth
in the
agreement of merger or consolidation.
(c) The agreement shall be adopted, approved, certified,
executed
and acknowledged by each of the constituent corporations in
accordance
with the laws under which it is formed, and, in the case of a
Kansas
corporation, in the same manner as provided in K.S.A. 17-6701,
and
amendments thereto. The agreement shall be filed and
recorded and shall
become effective for all purposes of the laws of this state when
and as
provided in K.S.A. 17-6701, and amendments thereto, with respect to
the
merger or consolidation of corporations of this state. In lieu of
filing and
recording the agreement of merger or
consolidation, the surviving or re-
sulting corporation may file a certificate of merger or
consolidation, ex-
ecuted in accordance with K.S.A. 17-6003, and amendments
thereto,
which states: (1) The name and state of incorporation of each of
the
constituents; (2) that an agreement of merger or consolidation has
been
approved, adopted, certified, executed and acknowledged by each of
the
constituent corporations in accordance with this section; (3) the
name of
the surviving or resulting corporation; (4) in the case of a
merger, such
amendments or changes in the articles of incorporation of the
surviving
corporation as are desired to be effected by the merger or, if no
such
amendments or changes are desired, a statement that the articles of
in-
corporation of the surviving corporation shall be its articles of
incorpo-
ration; (5) in the case of a consolidation, that the articles of
incorporation
of the resulting corporation shall be as is set forth in an
attachment to
the certificate; (6) that the executed agreement of consolidation
or merger
is on file at the principal place of business of the surviving or
resulting
corporation and the address thereof; (7) that a copy of the
agreement of
consolidation or merger will be furnished by the surviving or
resulting
corporation, on request and without cost, to any stockholder of any
con-
stituent corporation; (8) if the corporation surviving or resulting
from the
merger or consolidation is to be a corporation of this state, the
authorized
capital stock of each constituent corporation which is not a
corporation
of this state; and (9) the agreement, if any, required by
subsection (d).
(d) If the corporation surviving or resulting from the merger
or con-
solidation is to be governed by the laws of the District of
Columbia or
any state other than this state, it shall agree that it may be
served with
process in this state in any proceeding for enforcement of any
obligation
of any constituent corporation of this state, as well as for
enforcement of
any obligation of the surviving or resulting corporation arising
from the
merger or consolidation, including any suit or other proceeding to
enforce
the right of any stockholder as determined in appraisal proceedings
pur-
suant to the provisions of K.S.A. 17-6712, and amendments thereto,
and
shall irrevocably appoint the secretary of state as its agent to
accept service
of process in any such suit or other proceedings and shall specify
the
address to which a copy of such process shall be mailed by the
secretary
of state. Service of such process shall be made by personally
delivering
to and leaving with the secretary of state duplicate copies of such
process.
The secretary of state shall forthwith send by registered mail one
of such
copies to such surviving or resulting corporation at its address so
specified,
unless such surviving or resulting corporation shall thereafter
have des-
ignated in writing to the secretary of state a different address
for such
purpose, in which case it shall be mailed to the last address so
designated.
(e) The provisions of subsection (d) of K.S.A. 17-6701, and
amend-
ments thereto, shall apply to any merger or consolidation under
this sec-
tion; the provisions of subsection (e) of K.S.A. 17-6701, and
amendments
thereto, shall apply to a merger under this section in which the
surviving
corporation is a corporation of this state; the provisions of
subsection (f)
of K.S.A. 17-6701, and amendments thereto, shall apply to any
merger
under this section.
Sec. 15. K.S.A. 17-6703 is hereby amended to read as
follows: 17-
6703. (a) In any case in which at least 90% of the outstanding
shares of
each class of the stock of a corporation or corporations is owned
by an-
other corporation and one of such corporations is a corporation of
this
state and the other or others are corporations of this state or of
any other
state or states or of the District of Columbia and the laws of such
other
state or states, or the District of Columbia permit a corporation
of such
jurisdiction to merge with a corporation of another jurisdiction,
the cor-
poration having such stock ownership may either merge such other
cor-
poration or corporations into itself and assume all of its or their
obliga-
tions, or merge itself, or itself and one or more of such other
corporations,
into one of such other corporations by executing, acknowledging and
fil-
ing, in accordance with K.S.A. 17-6003, and amendments thereto, a
cer-
tificate of such ownership and merger setting forth a copy of the
reso-
lution of its board of directors to so merge and the date of the
adoption
thereof, except that in case the parent corporation shall not own
all the
outstanding stock of all the subsidiary corporations, parties to a
merger
as aforesaid, the resolution of the board of directors of the
parent cor-
poration shall state the terms and conditions of the merger,
including the
securities, cash, property or rights to be issued, paid, delivered
or granted
by the surviving corporation upon surrender of each share of the
subsid-
iary corporation or corporations not owned by the parent
corporation. If
the parent corporation is not the surviving corporation, the
resolution
shall include provision for the pro rata issuance of stock of the
surviving
corporation to the holders of the stock of the parent corporation
on sur-
render of any certificates therefor, and the certificate of
ownership and
merger shall state that the proposed merger has been approved by
a
majority of the outstanding stock of the parent corporation
entitled to
vote thereon at a meeting thereof duly called and held after 20
days'
notice of the purpose of the meeting mailed to each such
stockholder at
the stockholder's address as it appears on the records of the
corporation,
if the parent corporation is a corporation of this state, or the
certificate
shall state that the proposed merger has been adopted, approved,
certi-
fied, executed and acknowledged by the parent corporation in
accordance
with the laws under which it is organized, if the parent
corporation is not
a corporation of this state. A certified copy of the
certificate shall be
recorded in the office of the register of deeds of the
county in this state
in which the registered office of each constituent
corporation which is a
corporation of this state is located. If the
surviving corporation exists un-
der the laws of the District of Columbia or any state other than
this state,
the provisions of subsection (d) of K.S.A. 17-6702, and
amendments
thereto, shall also apply to a merger under this section.
(b) If the surviving corporation is a Kansas corporation, it
may change
its corporate name by the inclusion of a provision to that effect
in the
resolution of merger adopted by the directors of the parent
corporation
and set forth in the certificate of ownership and merger, and upon
the
effective date of the merger, the name of the corporation shall be
so
changed.
(c) The provisions of subsection (d) of K.S.A. 17-6701, and
amend-
ments thereto, shall apply to a merger under this section, and the
pro-
visions of subsection (e) of K.S.A. 17-6701, and amendments
thereto, shall
apply to a merger under this section in which the surviving
corporation
is the subsidiary corporation and is a corporation of this state.
References
to ``agreement of merger'' in subsections (d) and (e) of K.S.A.
17-6701,
and amendments thereto, shall mean, for the purposes of this
subsection
(c), the resolution of merger adopted by the board of directors of
the
parent corporation. Any merger which effects any changes other
than
those authorized by this section or made applicable by this
subsection
shall be accomplished under the provisions of K.S.A. 17-6701 or
17-6702,
and amendments thereto. The provisions of K.S.A. 17-6712, and
amend-
ments thereto, shall not apply to any merger effected under this
section,
except as provided in subsection (d).
(d) In the event all of the stock of a subsidiary Kansas
corporation
party to a merger effected under this section is not owned by the
parent
corporation immediately prior to the merger, the stockholders of
the sub-
sidiary Kansas corporation party to the merger shall have appraisal
rights
as set forth in K.S.A. 17-6712, and amendments thereto.
(e) A merger may be effected under this section although one
or
more of the corporations party to the merger is a corporation
organized
under the laws of a jurisdiction other than one of the United
States, if:
(1) The laws of such jurisdiction permit a corporation of such
jurisdiction
to merge with a corporation of another jurisdiction; and (2) the
surviving
corporation shall be a corporation of this state.
Sec. 16. K.S.A. 17-6704 is hereby amended to read as
follows: 17-
6704. (a) The term ``joint-stock association,'' as used in this
section, in-
cludes any association of the kind commonly known as joint-stock
asso-
ciation or joint-stock company and any unincorporated association,
trust
or enterprise having outstanding shares of stock or other evidences
of
financial or beneficial interest therein, whether formed by
agreement or
under statutory authority or otherwise, but does not include a
corporation.
The term ``stockholder,'' as used in this section, includes every
member
of such joint-stock association or holder of a share of stock or
other evi-
dence of financial or beneficial interest therein.
(b) Any one or more corporations of this state may merge or
consol-
idate with one or more joint-stock associations, except a
joint-stock as-
sociation formed under the laws of a state which forbids such
merger or
consolidation. Such corporation or corporations and such one or
more
joint-stock associations may merge into a single corporation or
joint-stock
association, which may be any one of such corporations or
joint-stock
associations of this state, pursuant to an agreement of merger or
consol-
idation, as the case may be, complying and approved in accordance
with
this section. The surviving or resulting entity may be organized
for profit
or not organized for profit and, if the surviving or resulting
entity is a
corporation, it may be a stock corporation or a nonstock
corporation.
(c) Each such corporation and joint-stock association shall
enter into
a written agreement of merger or consolidation. The agreement
shall
state: (1) The terms and conditions of the merger or consolidation;
(2)
the mode of carrying the same into effect; (3) the manner of
converting
the shares of stock of each stock corporation, the interests of
members
of each nonstock corporation, and the shares, memberships or
financial
or beneficial interests in each of the joint-stock associations
into shares
or other securities of a stock corporation or membership interests
of a
nonstock corporation or into shares, memberships, or financial or
bene-
ficial interests of the joint-stock association surviving or
resulting from
such merger or consolidation, and, if any shares of any such stock
cor-
poration, any membership interests of any such nonstock
corporation, or
any shares, memberships or financial or beneficial interests in any
such
joint-stock association are not to be converted solely into shares
or other
securities of the stock corporation or membership interest of the
nonstock
corporation or into shares, memberships, or financial or beneficial
inter-
ests of the joint-stock association surviving or resulting from
such merger
or consolidation, the cash, property, rights or securities of any
other cor-
poration or entity which the holders of shares of any such stock
corpo-
ration, membership interests of any such nonstock corporation, or
shares,
memberships or financial or beneficial interests of any such
joint-stock
association are to receive in exchange for, or upon conversion of
such
shares, membership interest or shares, memberships or financial or
ben-
eficial interests, and the surrender of any certificates evidencing
them,
which cash, property, rights or securities of any other corporation
or entity
may be in addition to or in lieu of shares or other securities of
the stock
corporation or membership interests of the nonstock corporation
or
shares, memberships, or financial or beneficial interests of the
joint-stock
association surviving or resulting from such merger or
consolidation; and
(4) such other details or provisions as are deemed desirable,
including,
without limiting the generality of the foregoing, a provision for
the pay-
ment of cash in lieu of the issuance of fractional shares where the
surviv-
ing or resulting entity is a corporation. There shall also be set
forth in the
agreement such other matters or provisions as shall then be
required to
be set forth in articles of incorporation by the laws of this state
and that
can be stated in the case of such merger or consolidation. Any of
the
terms of the agreement of merger or consolidation may be made
de-
pendent upon facts ascertainable outside of such agreement,
provided
that the manner in which such facts shall operate upon the terms of
the
agreement is clearly and expressly set forth in the agreement of
merger
or consolidation.
(d) The agreement required by subsection (c) of this section
shall be
adopted, approved, executed and acknowledged by each of the
corpora-
tions in the same manner as is provided in K.S.A. 17-6701, and
amend-
ments thereto, and in the case of the joint-stock associations in
accordance
with their articles of association or other instrument containing
the pro-
visions by which they are organized or regulated or in accordance
with
the laws of the state under which they are formed, as the case may
be.
Where the surviving or resulting entity is a corporation, the
agreement
shall be filed and recorded and shall become
effective for all purposes of
the laws of this state when and as provided in K.S.A. 17-6701, and
amend-
ments thereto, with respect to the merger or consolidation of
corporations
of this state. In lieu of filing and recording the
agreement of merger or
consolidation, where the surviving or resulting entity is a
corporation, it
may file a certificate of merger or consolidation, executed in
accordance
with K.S.A. 17-6003, and amendments thereto, which states:
(1) The name and state of domicile of each of the constituent
entities;
(2) that an agreement of merger or consolidation has been
approved,
adopted, certified, executed and acknowledged by each of the
constituent
entities in accordance with this subsection;
(3) the name of the surviving or resulting corporation;
(4) in the case of a merger, such amendments or changes in the
ar-
ticles of incorporation of the surviving corporation as are desired
to be
effected by the merger or, if no such amendments or changes are
desired,
a statement that the articles of incorporation of the surviving
corporation
shall be its articles of incorporation;
(5) in the case of a consolidation, that the articles of
incorporation of
the resulting corporation shall be as is set forth in an attachment
to the
certificate;
(6) that the executed agreement of consolidation or merger is
on file
at the principal place of business of the surviving corporation and
the
address thereof; and
(7) that a copy of the agreement of consolidation or merger
will be
furnished by the surviving corporation, on request and without
cost, to
any stockholder of any constituent entity.
Where the surviving or resulting entity is a joint-stock
association, the
agreement shall be filed and shall be effective for all purposes
when filed
in accordance with the laws regulating the creation of joint-stock
associ-
ations.
(e) The provisions of subsections (d) and (e) of K.S.A.
17-6701, 17-
6709 through 17-6712, and 17-7103, and amendments thereto, shall
ap-
ply, insofar as they are applicable, to mergers or consolidations
between
corporations and joint-stock associations; and the word
``corporation''
where applicable, as used in those sections, shall be deemed to
include
joint-stock associations as defined herein. The personal liability,
if any, of
any stockholder of a joint-stock association existing at the time
of such
merger or consolidation shall not thereby be extinguished, shall
remain
personal to such stockholder and shall not become the liability of
any
subsequent transferee of any share of stock in such surviving or
resulting
corporation or of any other stockholder of such surviving or
resulting
corporation.
(f) Nothing in this section shall be deemed to authorize the
merger
of a charitable nonstock corporation or charitable joint-stock
association
into a stock corporation or joint-stock association, if the
charitable status
of such nonstock corporation or joint-stock association would
thereby be
lost or impaired, but a stock corporation or joint-stock
association may be
merged into a charitable nonstock corporation or charitable
joint-stock
association which shall continue as the surviving corporation or
joint-stock
association.
(g) A merger of armed forces cooperative insuring association
into
armed forces insurance exchange, with armed forces insurance
exchange
being the survivor in such merger, shall be a valid merger under
the
general corporation code of the state of Kansas upon a filing of
the merger
agreement with the secretary of state.
Sec. 17. K.S.A. 17-6705 is hereby amended to read as
follows: 17-
6705. (a) Any two or more nonstock corporations of this state,
whether
or not organized for profit, may merge into a single corporation,
which
may be any one of the constituent corporations, or they may
consolidate
into a new nonstock, nonprofit corporation formed by the
consolidation,
pursuant to an agreement of merger or consolidation, as the case
may be,
complying and approved in accordance with this section.
(b) The governing body of each corporation which desires to
merge
or consolidate shall adopt a resolution approving an agreement of
merger
or consolidation. The agreement shall state: (1) The terms and
conditions
of the merger or consolidation; (2) the mode of carrying the same
into
effect; (3) such other provisions or facts required or permitted by
this act
to be stated in articles of incorporation for nonstock, nonprofit
corpora-
tions as can be stated in the case of a merger or consolidation,
stated in
such altered form as the circumstances of the case require; (4) the
manner
of converting the memberships of each of the constituent
corporations
into memberships of the corporation surviving or resulting from
the
merger or consolidation; and (5) such other details or provisions
as are
deemed desirable. Any of the terms of the agreement of merger or
con-
solidation may be made dependent upon facts ascertainable outside
of
such agreement, provided that the manner in which such facts shall
op-
erate upon the terms of the agreement is clearly and expressly set
forth
in the agreement of merger or consolidation.
(c) The agreement shall be submitted to the members of each
con-
stituent corporation who have the right to vote for the election of
the
members of the governing body of their corporation, at an annual
or
special meeting thereof for the purpose of acting on the agreement.
Due
notice of the time, place and purpose of the meeting shall be
mailed to
each member of each such corporation who has the right to vote for
the
election of the members of the governing body of such corporation,
at
the member's address as it appears on the records of the
corporation, at
least 20 days prior to the date of the meeting. The notice shall
contain a
copy of the agreement or a brief summary thereof, as the governing
body
shall deem advisable. At the meeting the agreement shall be
considered
and a vote by ballot, in person or by proxy, taken for the adoption
or
rejection of the agreement, each member who has the right to vote
for
the election of the members of the governing body of his
corporation
being entitled to one vote. If the votes of 2/3 of the total number
of mem-
bers of each such corporation who have the voting power above
men-
tioned shall be for the adoption of the agreement or, in the case
of a
nonstock, nonprofit insurance corporation, other than a nonprofit
dental
service corporation organized and operated under the nonprofit
dental
service corporation act, cited at K.S.A. 40-19a01 et seq., and
amendments
thereto, if 2/3 of the total number of members voting at an annual
or
special meeting for the purpose of acting on the agreement vote for
the
adoption of the agreement, then that fact shall be certified on the
agree-
ment by the officer of each such corporation performing the duties
or-
dinarily performed by the secretary or assistant secretary of a
corporation,
under the seal of each such corporation. The agreement so adopted
and
certified shall be executed, acknowledged and filed, and shall
become
effective, in accordance with K.S.A. 17-6003, and amendments
thereto.
It shall be recorded in the office of the register of deeds
of the county in
this state in which the registered office of each such
constituent corpo-
ration is located; or if any of the constituent
corporations shall have been
specially created by act of the legislature, then the
agreement shall be
recorded in the county where such corporation had its
principal place of
business in this state. The provisions set forth
in the last sentence of
subsection (c) of K.S.A. 17-6701, and amendments thereto, shall
apply to
a merger under this section, and the reference therein to
``stockholder''
shall be deemed to include ``member'' hereunder.
(d) If, under the provisions of the articles of incorporation
of any one
or more of the constituent corporations, there shall be no members
who
have the right to vote for the election of the members of the
governing
body of the corporation other than the members of that body
themselves,
the agreement duly entered into as provided in subsection (b) shall
be
submitted to the members of the governing body of such corporation
or
corporations, at a meeting thereof. Notice of the meeting shall be
mailed
to the members of the governing body in the same manner as is
provided
in the case of a meeting of the members of a corporation. If at the
meeting
2/3 of the total number of members of the governing body shall vote
by
ballot, in person, for the adoption of the agreement, that fact
shall be
certified on the agreement in the same manner as is provided in the
case
of the adoption of the agreement by the vote of the members of a
cor-
poration; thereafter, the same procedure shall be followed to
consummate
the merger or consolidation.
(e) The provisions of subsection (e) of K.S.A. 17-6701, and
amend-
ments thereto, shall apply to a merger under this section.
(f) Nothing in this section shall be deemed to authorize the
merger
of a charitable nonstock corporation into a nonstock corporation if
such
charitable nonstock corporation would thereby have its charitable
status
lost or impaired, but a nonstock corporation may be merged into a
char-
itable nonstock corporation which shall continue as the surviving
corpo-
ration.
Sec. 18. K.S.A. 17-6804 is hereby amended to read as
follows: 17-
6804. (a) If it should be deemed advisable in the judgment of the
board
of directors of any corporation that it should be dissolved, the
board, after
the adoption of a resolution to that effect by a majority of the
whole board
at any meeting called for that purpose, shall cause notice to be
mailed to
each stockholder entitled to vote thereon of the adoption of the
resolution
and of a meeting of stockholders to take action upon the
resolution.
(b) At the meeting a vote shall be taken for and against the
proposed
dissolution. If a majority of the outstanding stock of the
corporation en-
titled to vote thereon shall vote for the proposed dissolution, a
certificate
stating that the dissolution has been authorized in accordance with
the
provisions of this section and setting forth the names and
residences of
the directors and officers shall be executed, acknowledged and
filed in
accordance with K.S.A. 17-6003 and amendments thereto. The
secretary
of state, upon being satisfied that the requirements of this
section have
been complied with, shall issue a certificate that the certificate
has been
filed, and thereupon, the corporation shall be dissolved,
if the certificate
of the secretary of state shall be recorded in the office
of the register of
deeds of the county in which the corporation maintained its
registered
office in this state in compliance with the requirements of
subsection (d)
of K.S.A. 17-6003 and amendments thereto.
(c) Whenever all the stockholders entitled to vote on a
dissolution
shall consent in writing to a dissolution, either in person or by
duly au-
thorized attorney, no meeting of directors or stockholders shall be
nec-
essary, but on filing the consent in the office of the secretary of
state in
accordance with K.S.A. 17-6003 and amendments thereto, the
secretary
of state, upon being satisfied that the requirements of this
section have
been complied with, shall issue a certificate that the consent to
dissolution
has been filed, and thereupon the corporation shall be
dissolved, if the
certificate of the secretary of state shall be recorded in
the office of the
register of deeds of the county in which the corporation
maintained its
registered office in this state in compliance with the
requirements of
subsection (d) of K.S.A. 17-6003 and amendments
thereto. In the event
that the consent if signed by an attorney, the original power of
attorney
or a photocopy thereof shall be attached to and filed with the
consent.
The consent filed with the secretary of state shall have attached
to it the
affidavit of the secretary or some other officer of the corporation
stating
that the consent has been signed by or on behalf of all the
stockholders
entitled to vote on a dissolution; in addition there shall be
attached to the
consent a certification by the secretary or some officer of the
corporation
setting forth the names and residences of the directors and
officers of the
corporation.
(d) If the stockholders of a corporation of the state, having
only two
stockholders, each of which owns 50% of the stock therein, shall be
unable
to agree upon the desirability of dissolving the corporation and
disposing
of the corporate assets, either stockholder may file with the
district court
a petition stating that it desires to dissolve the corporation and
to dispose
of the assets thereof in accordance with a plan to be agreed upon
by both
stockholders. Such petition shall have attached thereto a copy of
the pro-
posed plan of dissolution and distribution and a certificate
stating that
copies of such petition and plan have been transmitted in writing
to the
other stockholder and to the directors and officers of such
corporation.
Unless both stockholders file with the district court (1) within
three
months of the date of the filing of such petition, a certificate
stating that
they have agreed on such plan, or a modification thereof, and (2)
within
one year from the date of the filing of such petition, a
certificate stating
that the distribution provided by such plan has been completed, the
court
may dissolve such corporation and, by appointment of one or more
trus-
tees or receivers with all the powers and title of a trustee or
receiver
appointed under K.S.A. 17-6808 and amendments thereto, may
admin-
ister and wind up its affairs. Either or both of the above periods
of time
may be extended by agreement of the stockholders, evidenced by a
cer-
tificate filed with the court prior to the expiration of such
period.
Sec. 19. K.S.A. 17-7001 is hereby amended to read as
follows: 17-
7001. (a) At any time prior to the expiration of three
(3) years following
the dissolution of a corporation pursuant to K.S.A. 17-6804 and
amend-
ments thereto, or, at any time prior to the expiration of
such longer period
as the court may have directed pursuant to K.S.A. 17-6807 and
amend-
ments thereto, a corporation may revoke the dissolution
theretofore ef-
fected by it in the following manner:
(1) The board of directors shall adopt a resolution
recommending
that the dissolution be revoked and directing that the question of
the
revocation be submitted to a vote at a special meeting of
stockholders.
(2) Notice of the special meeting of stockholders shall be
given in
accordance with K.S.A. 17-6512 and amendments thereto to
each stock-
holder whose shares were entitled to vote upon a proposed
dissolution
before the corporation was dissolved.
(3) At the meeting, a vote of the stockholders shall be taken
on the
resolution to revoke the dissolution. If a majority of the stock of
the
corporation which was outstanding and entitled to vote upon a
dissolution
at the time of its dissolution shall be voted for the resolution, a
certificate
of revocation of dissolution shall be executed and acknowledged in
ac-
cordance with K.S.A. 17-6003 and amendments thereto, which
shall state:
(i) The name of the corporation;
(ii) the names and respective addresses of its officers;
(iii) the names and respective addresses of its directors;
and
(iv) that a majority of the stock of the corporation which was
outstand-
ing and entitled to vote upon a dissolution at the time of its
dissolution
have voted in favor of a resolution to revoke the dissolution.
(b) Upon the filing of the certificate of revocation of
dissolution in
the office of the secretary of state, the secretary of state, upon
being
satisfied that the requirements of this section have been complied
with,
shall issue his the secretary's certificate
that the dissolution has been re-
voked. The certificate of the secretary of state shall be
recorded in the
office of the register of deeds of the county in which the
registered office
of the corporation was maintained. Upon the
issuance of such certificate
by the secretary of state, the revocation of the dissolution shall
become
effective and the corporation may again carry on its business.
(c) If, after the dissolution of any such corporation became
effective,
any other corporation organized under the laws of this state shall
have
adopted the same name as such corporation, or shall have adopted a
name
so nearly similar thereto as not to distinguish it from such
corporation, or
any foreign corporation shall have qualified to do business in this
state
under the same name as such corporation or under a name so
nearly
similar thereto as not to distinguish it from such corporation,
then such
corporation shall not be reinstated under the same name which it
bore
when its dissolution became effective. In such case, it shall adopt
and be
reinstated under some other name, and the certificate to be filed
under
the provisions of this section shall set forth the name borne by
such cor-
poration at the time its dissolution became effective and the new
name
under which it is to be reinstated.
(d) Nothing in this section shall be construed to affect the
jurisdiction
or power of the district court under K.S.A. 17-6808 and 17-6809
and
amendments thereto.
Sec. 20. K.S.A. 17-7002 is hereby amended to read as
follows: 17-
7002. (a) Any corporation may procure an extension, restoration,
renewal
or revival of its articles of incorporation, if a domestic
corporation, or its
authority to engage in business, if a foreign corporation, together
with all
the rights, franchises, privileges and immunities and subject to
all of its
duties, debts and liabilities which had been secured or imposed by
its
original articles of incorporation, and all amendments thereto, or
by its
authority to engage in business, as the case may be, and may
designate a
new registered office and resident agent in the following
instances:
(1) At any time before the expiration of the time limited for
the cor-
poration's existence;
(2) at any time, where the corporation's articles of
incorporation, if a
domestic corporation, or the authority to engage in business, if a
foreign
corporation, has become inoperative by law for nonpayment of
taxes;
(3) at any time, where the articles of incorporation of a
domestic
corporation or the authority to engage in business of a foreign
corporation
has expired by reason of failure to renew it;
(4) at any time, where the articles of incorporation of a
domestic
corporation or the authority to engage in business of a foreign
corporation
has been renewed, but through failure to comply strictly with the
provi-
sions of this act, the validity of such renewal has been brought
into ques-
tion; and
(5) at any time, where the articles of incorporation of a
domestic
corporation or the authority to engage in business of a foreign
corporation
has been forfeited pursuant to subsection (c) of K.S.A. 17-6206
and
amendments thereto.
(b) The extension, restoration, renewal or revival of the
articles of
incorporation or authority to engage in business may be procured
by
executing, acknowledging, and filing
and recording a certificate in ac-
cordance with K.S.A. 17-6003, and amendments thereto.
(c) The certificate required by subsection (b) shall
state:
(1) The name of the corporation, which shall be the existing
name of
the corporation or the name it bore when its articles of
incorporation or
authority to engage in business expired, except as provided in
subsection
(e);
(2) if a new registered office and resident agent is
designated, the
address of the corporation's registered office in this state, which
shall
include the street, city and county and the name of its resident
agent at
such address;
(3) whether or not the renewal, restoration or revival is to
be per-
petual and, if not perpetual, the time for which the renewal,
restoration
or revival is to continue; and, in case of renewal before the
expiration of
the time limited for its existence, the date when the renewal is to
com-
mence, which shall be prior to the date of the expiration of the
old articles
of incorporation or authority to engage in business which it is
desired to
renew;
(4) that the corporation desiring to be renewed or revived and
so
renewing or reviving its corporate existence was duly organized
under the
laws of the state of its original incorporation;
(5) the date when the articles of incorporation or the
authority to
engage in business would expire, if such is the case, or such other
facts
as may show that the articles of incorporation or the authority to
engage
in business has become inoperative or void or that the validity of
any
renewal has been brought into question; and
(6) that the certificate for revival is filed by authority of
those who
were directors or members of the governing body of the corporation
at
the time its articles of incorporation or the authority to engage
in business
expired, or who were elected directors or members of the governing
body
of the corporation as provided in subsection (g).
(d) Upon the filing of the certificate in accordance with
K.S.A. 17-
6003, and amendments thereto, the corporation shall be renewed
and
revived with the same force and effect as if its articles of
incorporation
had not become inoperative and void or had not expired by
limitation.
Such reinstatement shall validate all contracts, acts, matters and
things
made, done and performed within the scope of its articles of
incorporation
by the corporation, its officers and agents during the time when
its articles
of incorporation were inoperative or void or after their expiration
by lim-
itation, with the same force and effect and to all intents and
purposes as
if the articles of incorporation had at all times remained in full
force and
effect. All real and personal property, rights and credits, which
belonged
to the corporation at the time its articles of incorporation became
inop-
erative or void, or expired by limitation and which were not
disposed of
prior to the time of its revival or renewal shall be vested in the
corporation
after its revival or renewal, as fully and amply as they were held
by the
corporation at and before the time its articles of incorporation
became
inoperative or void or expired by limitation, and the corporation
after its
renewal or revival shall be as exclusively liable for all
contracts, acts, mat-
ters and things made, done or performed in its name and on its
behalf
by its officers and agents prior to its reinstatement, as if its
articles of
incorporation had remained at all times in full force and
effect.
(e) If, since the articles of incorporation became inoperative
or void
for nonpayment of taxes or expired by limitation, any other
corporation
organized under the laws of this state shall have adopted the same
name
as the corporation sought to be renewed or revived or shall have
adopted
a name so nearly similar thereto as not to distinguish it from the
corpo-
ration to be renewed or revived, or any foreign corporation
qualified in
accordance with K.S.A. 17-7301, and amendments thereto, shall
have
adopted the same name as the corporation sought to be renewed or
re-
vived, or shall have adopted a name so nearly similar thereto as
not to
distinguish it from the corporation to be renewed or revived, then
in such
case the corporation to be renewed or revived shall not be renewed
under
the same name which it bore when its articles of incorporation
became
inoperative or void or expired, but shall adopt or be renewed under
some
other name; and in such case the certificate to be filed under the
provi-
sions of this section shall set forth the name borne by the
corporation at
the time its articles of incorporation became inoperative or void
or expired
and the new name under which the corporation is to be renewed
or
revived.
(f) Any corporation seeking to renew or revive its articles of
incor-
poration under the provisions of this act shall file all annual
reports and
pay to the secretary of state an amount equal to all fees and taxes
and any
penalties thereon due. Nonprofit corporations shall file only the
annual
reports for the three most recent reporting periods, but shall pay
all priv-
ilege fees due.
(g) If a sufficient number of the last acting officers of any
corporation
desiring to renew or revive its articles of incorporation are not
available
by reason of death, unknown address or refusal or neglect to act,
the
directors of the corporation or those remaining on the board, even
if only
one, may elect successors to such officers. In any case where there
shall
be no directors of the corporation available for the purposes
aforesaid,
the stockholders may elect a full board of directors, as provided
by the
bylaws of the corporation, and the board shall then elect such
officers as
are provided by law, by the articles of incorporation or by the
bylaws to
carry on the business and affairs of the corporation. A special
meeting of
the stockholders for the purpose of electing directors may be
called by
any officer, director or stockholder upon notice given in
accordance with
K.S.A. 17-6512, and amendments thereto.
(h) After a revival of the articles of incorporation of the
corporation
shall have been effected, except where a special meeting of
stockholders
has been called in accordance with the provisions of subsection
(g), the
officers who signed the certificate of revival jointly shall call
forthwith a
special meeting of the stockholders of the corporation upon notice
given
in accordance with K.S.A. 17-6512, and amendments thereto, and at
the
special meeting the stockholders shall elect a full board of
directors, which
board shall then elect such officers as are provided by law, by the
articles
of incorporation or the bylaws to carry on the business and affairs
of the
corporation.
(i) Whenever it shall be desired to renew or revive the
articles of
incorporation of any corporation not for profit and having no
capital stock,
the governing body shall perform all the acts necessary for the
renewal
or revival of the articles of incorporation of the corporation
which are
performed by the board of directors in the case of a corporation
having
capital stock. The members of any corporation not for profit and
having
no capital stock who are entitled to vote for the election of
members of
its governing body shall perform all the acts necessary for the
renewal or
revival of the articles of the corporation which are performed by
the
stockholders in the case of a corporation having capital stock. In
all other
respects, the procedure for the renewal or revival of the articles
of in-
corporation of a corporation not for profit and having no capital
stock
shall conform, as nearly as may be applicable, to the procedure
prescribed
in this section for the renewal or revival of the articles of
incorporation
of a corporation having capital stock.
Sec. 21. K.S.A. 17-7204 is hereby amended to read as
follows: 17-
7204. Any corporation organized under the laws of this state may
become
a close corporation by executing, acknowledging,
and filing and recording,
in accordance with K.S.A. 17-6003 and amendments thereto, a
certificate
of amendment of its articles of incorporation which shall
contain: (1) A
statement that it elects to become a close
corporation,; (2) the provisions
required by K.S.A. 17-7202 and amendments thereto to appear
in the
articles of incorporation of a close corporation; and (3) a
heading stating
the name of the corporation and that it is a close corporation.
Such
amendment shall be adopted in accordance with the requirements
of
K.S.A. 17-6601 or 17-6602 and amendments thereto, except
that it must
be approved by a vote of the holders of record of at least
two-thirds (2/3)
2/3 of the shares of each class of stock of the corporation
which are out-
standing.
Sec. 22. K.S.A. 17-7302 is hereby amended to read as
follows: 17-
7302. (a) Whenever any foreign corporation admitted to do business
in
this state is a party to a merger or consolidation with any other
foreign
corporation, whether or not admitted to do business in this state,
the
resident agent of such foreign corporation shall file with the
secretary of
state of this state, within 30 days after the time the merger or
consoli-
dation becomes effective, a certificate of the proper officer of
the juris-
diction under the laws of which the merger or consolidation was
effected,
attesting to such merger or consolidation and stating:
(1) The corporate parties thereto;
(2) the time when such merger or consolidation became
effective;
and
(3) that the resulting or surviving corporation is a
corporation in good
standing in such jurisdiction.
(b) Upon the written request of any person and the payment of
a fee
of $25, the resident agent of any foreign corporation admitted to
do busi-
ness in this state shall furnish such person with a copy of the
articles of
incorporation of such corporation which are then in effect, within
30 days
after such request. If the resident agent does not furnish the
articles of
incorporation within the prescribed time, the person requesting a
copy
thereof may apply to the secretary of state for an order directing
the
resident agent to furnish such person with a copy of the articles
of incor-
poration within 30 days of the date of the order. Upon such
application
being made, the secretary of state shall issue the order, and if
the resident
agent fails to comply therewith, the right of such foreign
corporation to
do business in this state shall be forfeited.
(c) Whenever any foreign corporation admitted to do business
in this
state shall amend its articles of incorporation in a manner which
affects
any of the information contained on such corporation's application
to do
business in Kansas, the resident agent of such corporation shall
file with
the secretary of state, within 30 days after the amendment is
adopted, a
certificate of the proper officer of the jurisdiction in which such
corpo-
ration has been incorporated attesting to such amendment. Any
foreign
corporation may amend its original application for authority to do
business
in Kansas by certifying that such amendment has been duly adopted,
and
by executing, acknowledging, and filing
and recording the same in ac-
cordance with K.S.A. 17-6003 and amendments thereto.
Sec. 23. K.S.A. 1997 Supp. 17-7706 is hereby amended to
read as
follows: 17-7706. (a) After an agreement of merger or consolidation
is
authorized, approved and certified in accordance with K.S.A.
17-7705,
and amendments thereto, the surviving or new entity shall file the
agree-
ment of merger or consolidation with the secretary of state or, in
lieu
thereof, a certificate of merger or consolidation, duly executed,
by each
constituent entity setting forth:
(1) The name, state or country of organization and nature or
type of
each of the constituent entities;
(2) that an agreement of merger or consolidation has been
authorized
and approved by each of the constituent entities in accordance with
K.S.A.
17-7705, and amendments thereto.
(3) the effective date of the merger or consolidation which
may not
exceed 90 days after the date of filing of the agreement of merger
or
consolidation or the articles of merger or consolidation;
(4) the name of the surviving or new entity;
(5) if applicable, the address of the registered office and
the name of
the registered agent at such office for the surviving or new
entity;
(6) in the case of a merger, such amendments or changes to the
or-
ganizational documents of the surviving entity, as are desired to
be ef-
fected by the merger, or, if no such amendments or changes are
desired,
a statement that the organizational documents of the surviving
entity shall
be its organizational documents;
(7) in the case of a consolidation, that the organizational
documents
of the new entity shall be set forth in an attachment to such
agreement
or articles of merger or consolidation;
(8) that the executed agreement of merger or consolidation is
on file
at the principal place of business of the surviving or new entity,
stating
the address thereof; and
(9) that a copy of the agreement of merger or consolidation
will be
furnished by the surviving or new entity, on request and without
cost, to
any partner, shareholder, member or their equivalent of any entity
that
is a party to the merger or consolidation.
(b) The agreement or certificate of merger or consolidation
shall be
filed in accordance with K.S.A. 17-6003 and amendments
thereto, except
that no filing with the register of deeds is required
unless a domestic
corporation or a foreign corporation qualified to do
business in Kansas is
a constituent entity.
(c) A merger or consolidation shall be effective when the
require-
ments for effectiveness of laws under which any constituent entity
was
formed have been met and the certificate of merger or consolidation
has
been filed by the secretary of state, unless a later date is
certified in the
agreement of merger or consolidation or articles of merger or
consoli-
dation, in which case, the effective date of the merger or
consolidation
will be the date so specified which shall, in no event, exceed 90
days after
the date the agreement of merger or consolidation or certificate of
merger
or consolidation is delivered to the secretary of state for
filing.
Sec. 24. K.S.A. 17-1637, 17-1638, 17-2030, 17-2033,
17-2037, 17-
5545, 17-5548, 17-5556, 17-6005, 17-6204, 17-6205, 17-6206,
17-6701,
17-6702, 17-6703, 17-6704, 17-6705, 17-6804, 17-7001, 17-7002,
17-7204
and 17-7302 and K.S.A. 1997 Supp. 17-7706 are hereby repealed.
Sec. 25. This act shall take effect and be in force from
and after its
publication in the statute book.
Approved May 18, 1998
__________