Kansas § 17-7691 Remedies for breach of operating agreement by member

Kansas Statutes

§ 17-7691 — Remedies for breach of operating agreement by member

Kansas § 17-7691

Ch. 17CORPORATIONS

Art. 76LIMITED LIABILITY COMPANIES

This text of Kansas § 17-7691 (Remedies for breach of operating agreement by member) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 17-7691 (2026).

Text

An operating agreement may provide that:

(a)A member who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and

(b)at the time or upon the happening of events specified in the operating agreement, a member shall be subject to specified penalties or specified consequences. Such specified penalties or specified consequences may include and take the form of any penalty or consequence set forth in subsection (c) of K.S.A. 17-76,100, and amendments thereto.

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An operating agreement may provide that:
(a) A member who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and
(b) at the time or upon the happening of events specified in the operating agreement, a member shall be subject to specified penalties or specified consequences.
Such specified penalties or specified consequences may include and take the form of any penalty or consequence set forth in subsection (c) of K.S.A. 17-76,100, and amendments thereto.