Four-S Razor Co. v. Guymon

Citations

• 110 Kan. 745
• 205 P. 635
• 1922 Kan. LEXIS 140

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Corporation — Failure to Comply with Statutory Requirements — Forfeiture of Charter. It is within the power of the legislature to provide that the failure of a corporation to comply with certain prescribed requirements and duties, shall work a forfeiture of its charter and end its corporate existence without the judgment of a court.</p> <p>2. Same — Forfeiture of Charter — Power of Legislature. The enactment that the failure of a corporation to make annual statements and pay a prescribed fee within a fixed time shall work a forfeiture of its charter and that -the-state charter board may then declare the charter to be forfeited, is within the constitutional power of the legislature, and when the declaration is made it ceases to be a corporation.</p> <p>3. Sam:e — Presumption of Official Regularity. In the absence of evidence to the contrary it will be presumed that the action of the state charter board was regularly and legally taken.</p>