Kansas Statutes 17-1288. Interested shares, defined
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“Interested shares” means the shares of an issuing public corporation with respect to which any of the following persons may exercise or direct the exercise of voting power in the election of directors of the issuing public corporation:
(a) A person or member of a group that makes or proposes to make a control share acquisition.
Terms Used In Kansas Statutes 17-1288
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) Any officer of the issuing public corporation.
(c) Any employee of the issuing public corporation who is also a director of the corporation.