Kansas Statutes > Chapter 40 > Article 3 – Organization, Merger or Consolidation of Stock Companies


§ 40-301	Definition of insurance company
§ 40-302	Minimum capital; par value of stock
§ 40-303	Powers of board of directors
§ 40-304	Subscription of stock
§ 40-305	Directors; numbers; election; oath
§ 40-306	Officers and agents; signatures to contracts
§ 40-307	Amendment of charter; increase or decrease of capital
§ 40-308	Transfer of stock; application of dividends on notes or obligations of stockholders
§ 40-309	Union, merger or consolidation; reinsurance
§ 40-310	Additional kinds of insurance authorized; surplus and deposit requirements

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.
Property: includes personal and real property. See Kansas Statutes 77-201
Quorum: The number of legislators that must be present to do business.
seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper. See Kansas Statutes 77-201
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201