Kansas Statutes Annotated

K.S.A. § 17-1286 (2026)

Control share acquisitions; control shares, defined

✓ current as of May 2026

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17-1286. Control share acquisitions; control shares, defined. "Control shares" means shares that, except for this act, would have voting power with respect to shares of an issuing public corporation that, when added to all other shares of the issuing public corporation owned by a person, or in respect to which that person may exercise or direct the exercise of voting power, would entitle that person immediately after acquisition of the shares, directly or indirectly, alone or as part of a group, to exercise or direct the exercise of the voting power of the issuing public corporation, in the election of directors within any of the following ranges of voting power:

(a) One-fifth or more but less than 1/3 of all the voting power.

(b) One-third or more but less than a majority of all the voting power.

History: L. 1988, ch. 93, § 1; April 21.

Notes of Decisions

Cited in 3 cases, 1990–2003 · leading case: Burcham v. Unison Bancorp, Inc., 77 P.3d 130 (Kan. 2003).

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Burcham v. Unison Bancorp, Inc., 77 P.3d 130 (Kan. 2003). “Additionally, at the time of the execution of the Stockholders’ Agreement, Kansas had in place the Control Share Acquisitions Act, K.S.A. 17-1286 et seq. (the Act). Under the Act, the acquiror of 20% or more of the outstanding shares of an “issuing public corporation” (K.”

Blue Cross & Blue Shield of Kansas, Inc. v. Praeger, 75 P.3d 226 (Kan. 2003). “This Act, since repealed and replaced by K.S.A. 17-1286 et seq., regulated takeovers of Kansas domestic corporations.”

Kansas City Power & Light Co. v. Kansas Gas & Elec. Co., 747 F. Supp. 567 (W.D. Mo. 1990). “Also on this date KCP & L filed a complaint in this court seeking declaratory judgment that its Schedule 14D-1 2 filed with the Securities and Exchange Commission (“SEC”) complied with the applicable federal disclosure requirements and that KCP & L’s demand that KG & E hold a…”

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