Kansas Statutes
§ 17-7696 — Remedies for breach of operating agreement by manager
An operating agreement may provide that:
(a)A manager 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 manager shall be subject to specified penalties or specified consequences.
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Kansas § 17-7696 (Remedies for breach of operating agreement by manager) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1999, ch. 119, § 35; January 1, 2000.
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