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2012 Kansas Statutes
Chapter 17 CORPORATIONS
Article 76 LIMITED LIABILITY COMPANIES
Section 17-7691 Remedies for breach of operating agreement by member.
Universal Citation:
KS Stat § 17-7691 (2012)
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17-7691. Remedies for breach of operating agreement by member. 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.
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