{"data":{"id":"us-ks/k.s.a.-17-7205","jurisdiction":"us-ks","citation":"K.S.A. 17-7205","heading":"Limitations on continuation of close corporation status.","body":"A close corporation continues to be such and to be subject to the provisions of K.S.A. 17-7201 through 17-7216, and amendments thereto, until:\n(a) It files with the secretary of state a certificate of amendment deleting from its articles of incorporation the provisions required or permitted by K.S.A. 17-7202, and amendments thereto, to be stated in the articles of incorporation to qualify it as a close corporation; or\n(b) any one of the provisions or conditions required or permitted by K.S.A. 17-7202, and amendments thereto, to be stated in the articles of incorporation to qualify a corporation as a close corporation has been breached, in fact, and neither the corporation nor any of its stockholders takes the steps required by K.S.A. 17-7208, and amendments thereto, to prevent such loss of status or to remedy such breach.","path":["Chapter 17.—CORPORATIONS","Article 72.—CLOSE CORPORATIONS"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch17/017_072_0005.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:10:46Z","sha256":"a90c56221e7cf3d58199dec9e5d726f718dd3ad15ed418c2d563b1a1bb4ab1fd","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-17-7204","next":"us-ks/k.s.a.-17-7206"},"notice":"GroundRules: Original legal text. Not legal advice."}