Kansas Statutes
§ 17-7669 — Business transactions of member or manager with the limited liability company
Except as provided in an operating agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with, a limited liability company and, subject to other applicable law, has the same rights and obligations with respect to any such matter as a person who is not a member or manager.
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Kansas § 17-7669 (Business transactions of member or manager with the limited liability company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1999, ch. 119, § 8; January 1, 2000.
Nearby Sections
15
§ 17-10a01
Building and loan associations and life insurance companies; authority as members and borrowers§ 17-10a02
Powers of members or borrowers§ 17-10a07
Same; ratification of prior actions§ 17-1287
Control share acquisition, defined§ 17-1288
Interested shares, defined§ 17-1289
Issuing public corporation, defined§ 17-1290
Application of act§ 17-1291
Acquiring person statement, contents