Statutes > Kansas Statutes > Chapter 40 INSURANCE > Article 3 ORGANIZATION, MERGER OR CONSOLIDATION OF STOCK COMPANIES > 40-304. Subscription of stock.

40-304. Subscription of stock.

40-304

Chapter 40.--INSURANCE
Article 3.--ORGANIZATION, MERGER OR CONSOLIDATION OF STOCK COMPANIES

      40-304.   Subscription of stock.After filing a copy of its charter with the commissioner of insurance,and receiving a certificate of authority for the sale of stock as providedin this code, the persons named in the charter shall be commissioners toopen books for the subscription of stock in the company, at such times andplaces as they shall deem convenient and proper, and shall keep the sameopen until the full amount specified in the certificate of incorporation issubscribed.

      History:   L. 1927, ch. 231, 40-304; June 1.