Kansas Statutes 17-6101. General powers; applicability of code
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Terms Used In Kansas Statutes 17-6101
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(a) In addition to the powers enumerated in Kan. Stat. Ann. § 17-6102, and amendments thereto, every corporation, its officers, directors, and stockholders shall possess and may exercise all the powers and privileges granted by this code or by any other law or by its articles of incorporation, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business or purposes set forth in its articles of incorporation.
(b) Every corporation shall be governed by the provisions and be subject to the restrictions and liabilities contained in this code.