17-2706 Professional corporation law; citation.
17-2706. Professional corporation law; citation. This act may be cited as “the professional corporation law of Kansas.” History: L. 1965, ch. 157, § 1; June 30.
17-2707 Professional corporation law; definitions.
17-2707. Professional corporation law; definitions. As used in this act, unless the context clearly indicates that a different meaning is intended: (a) “Professional corporation” means a corporation organized under this act. (b) “Professional service” means the type of personal service rendered by a person duly licensed, registered or certified by this state as a member […]
17-2708 Same; general corporation law applicable.
17-2708. Same; general corporation law applicable. Except as otherwise provided, the Kansas general corporation code contained in K.S.A. 17-6001 et seq., and amendments thereto, shall apply to a professional corporation organized pursuant to this chapter. Any provisions of the professional corporation law of Kansas shall take precedence over any provision of the Kansas general corporation […]
17-2709 Same; incorporators; articles of incorporation; regulating boards to issue certificates, fees; application and recording fee.
17-2709. Same; incorporators; articles of incorporation; regulating boards to issue certificates, fees; application and recording fee. (a) One or more natural persons, each of whom is licensed to render the same type of professional service within this state, may incorporate a professional corporation to practice that same type of professional service by filing articles of […]
17-2710 Same; purposes and powers.
17-2710. Same; purposes and powers. A professional corporation may be organized only for the purpose of rendering one type of professional service and service ancillary thereto and shall not engage in any other business, except that a single professional corporation may be organized to and render professional services under any two or more of the […]
17-2711 Professional corporation law; corporate name.
17-2711. Professional corporation law; corporate name. The corporate name of a corporation organized and operating hereunder may be any name not contrary to law or the ethics of the profession involved. Such name may include any name set forth in K.S.A. 17-6002, and amendments thereto, but in all cases the corporate name shall end with […]
17-2712 Same; shares, who may hold; transfer, how; securities law not applicable.
17-2712. Same; shares, who may hold; transfer, how; securities law not applicable. (a) A professional corporation may issue the shares of its capital stock only to a qualified person. A shareholder may voluntarily transfer their shares in a professional corporation to the corporation or to a qualified person with the prior written consent of the […]
17-2713 Same; directors and officers.
17-2713. Same; directors and officers. No person may be a director or officer, other than secretary, of a professional corporation unless he is a shareholder. If the number of shareholders is less than three the number of directors may likewise be less than three, and the officers may be president, treasurer and secretary only, which […]
17-2714 Same; valuation and purchase of shares upon death or disqualification of shareholder; procedure; conversion to a general business corporation, when.
17-2714. Same; valuation and purchase of shares upon death or disqualification of shareholder; procedure; conversion to a general business corporation, when. If the articles of incorporation or bylaws of a corporation subject to this act fail to state a price or method of determining a price at which the corporation or its shareholders may purchase […]
17-2715 Same; act not to affect professional relationships; liability of employee or shareholder of corporation, extent.
17-2715. Same; act not to affect professional relationships; liability of employee or shareholder of corporation, extent. The professional corporation law of Kansas shall not affect any law, duty, right or privilege arising out of or applicable to the relationship between a person rendering professional services and a person receiving those services, including, but not limited […]
17-2716 Same; authority of professional licensing boards not restricted by this act; additional regulations.
17-2716. Same; authority of professional licensing boards not restricted by this act; additional regulations. Nothing in this chapter restricts or limits in any manner the authority and duty of any regulating board for the licensing of individual persons rendering professional service or the practice of the profession which is within the jurisdiction of the regulating […]
17-2717 Same; election to function as general corporation; how made.
17-2717. Same; election to function as general corporation; how made. The corporation may elect, at any time, upon the vote of the owners of a majority of the issued and outstanding shares, to amend its articles of incorporation so as to prohibit its continued operation under this chapter and to substitute therefor authority for the […]
17-2718 Same; annual report; annual report fee. [See Revisor’s Note]
17-2718. Same; annual report; annual report fee. [See Revisor’s Note] (a) Each professional corporation organized under the laws of this state shall file with the secretary of state an annual report in writing stating the prescribed information concerning the corporation at the close of business on the last day of its tax period next preceding […]
17-2719 Same; forfeiture of corporate right, when; trustees, powers.
17-2719. Same; forfeiture of corporate right, when; trustees, powers. The certificate of incorporation of any corporation organized under this chapter shall be automatically forfeited as of the last day of December in any year if the corporation fails to file the certificate required under this section, or if the certificate filed reflects that any shares […]
17-2720 Certain entities deemed validly incorporated; requirements.
17-2720. Certain entities deemed validly incorporated; requirements. Any entity organized prior to July 1, 1981, for the purpose of rendering (1) landscape architect services or (2) landscape architect services and architect, engineer or land surveyor services shall be deemed to be a validly incorporated professional corporation if the entity and the organization of the entity […]