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2017 Kansas Statutes
Chapter 17 CORPORATIONS
Article 76 LIMITED LIABILITY COMPANIES
17-7694 Contributions by a manager.
Universal Citation: KS Stat § 17-7694 (2017)
17-7694. Contributions by a manager. A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member. A person who is both a manager and a member has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as provided in an operating agreement, also has the rights and powers, and is subject to the restrictions and liabilities, of a member to the extent of the manager's participation in the limited liability company as a member.
History: L. 1999, ch. 119, § 33; Jan. 1, 2000.
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