K.S.A. § 9-1719

Change of control; definitions

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9-1719. Change of control; definitions. As used in K.S.A. 9-1719 to 9-1722, inclusive, and amendments thereto:

(a) "Applicant" means a person who has submitted a change of control application pursuant to K.S.A. 9-1721, and amendments thereto.

(b) "Control" means the power to:

(1) Vote 25% or more of any class of voting shares;

(2) direct, in any manner, the election of a majority of the directors; or

(3) direct or exercise a controlling influence over the management or policies.

(c) "Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed in this subsection.

History: L. 1984, ch. 47, § 1; L. 1987, ch. 54, § 9; L. 2015, ch. 38, § 109; L. 2024, ch. 15, § 14; July 1.

Notes of Decisions

Cited in 1 case, 1994–1994 · leading case: National Union Fire Insurance Co. of Pittsburgh v. Midland Bancor, Inc.

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National Union Fire Insurance Co. of Pittsburgh v. Midland Bancor, Inc. (1994) ksd “” K.S.A. 9-1719. Kansas law applies to defendant Country Hill as it is incorporated under such law.”

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