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2017 Kansas Statutes
Chapter 56a KANSAS UNIFORM PARTNERSHIP ACT
Article 10 LIMITED LIABILITY PARTNERSHIP
56a-1003 Distributions; limitations.
Universal Citation: KS Stat § 56a-1003 (2017)
56a-1003. Distributions; limitations. A partner may not receive a distribution from a limited liability partnership to the extent that, after giving effect to the distribution, all liabilities of the limited liability partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
History: L. 1998, ch. 93, § 63; Jan. 1, 1999.
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