Attorney General Opinion No. 1992-148
Author | : Robert T. Stephan |
Publisher | : |
Total Pages | : |
Release | : 1992 |
ISBN-10 | : OCLC:801692055 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Attorney General Opinion No. 1992-148 written by Robert T. Stephan and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The agricultural corporations act restricts corporations from directly or indirectly owning, acquiring or otherwise obtaining or leasing agricultural land, subject to fourteen enumerated exceptions. In our opinion, The Nature Conservancy, a duly registered foreign nonprofit corporation, is engaged in business of a nonfarming nature in Kansas. Accordingly, agricultural land in Cheyenne Bottoms which is owned by The Nature Conservancy falls within the statutory exception which allows a corporation to acquire such acreage as is necessary for the operation of a nonfarming business. The Nature Conservancy may own such agricultural land as is useful, convenient, suitable and needful for the accomplishment of its legitimate corporate purposes. Cited herein: K.S.A. 17-506 (repealed L. 1972, ch. 52, section 153); K.S.A 17-5902; K.S.A. 1991 Supp. 17-5903; 17-5904; K.S.A. 17-7301; 17-7303; K.S.A. 1991 Supp. 60-308.