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17-6007. Powers of incorporators. If the persons who are to serve as directors until the first annual meeting of stockholders have not been named in the articles of incorporation, the incorporator or incorporators, until the directors are elected, shall manage the affairs of the corporation and may do whatever is necessary and proper to perfect the organization of the corporation, including the adoption of the original bylaws of the corporation and the election of directors.

History: L. 1972, ch. 52, § 7; L. 2016, ch. 110, § 18; July 1.

Source or Prior Law:

17-2703, 17-3107; 8 Del. C. § 107.

Cross References to Related Sections:

Stock subscriptions, see 17-6415, 17-6416; see also Kansas uniform securities act (chapter 17, article 12a).

Adoption of bylaws, see 17-6002 (b) (7), 17-6008, 17-6009, 17-6102 (6).

Election of directors at organizational meeting, see 17-6008.

Election of directors by stockholders, see chapter 17, article 65.

Attorney General's Opinions:

Corporate instruments; execution of deeds or other instruments of conveyance. 81-66.

Corporate filings; rejection of annual report for failure to perfect organization; rejection of articles of incorporation from nonprofit entity for failure to provide conditions of membership. 1999-26.


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