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Kansas · Through 2025 legislative session

K.S.A. 17-76,108: Distribution in kind.

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Where this section sits in the code
  1. Chapter 17.—CORPORATIONS
  2. Article 76.—LIMITED LIABILITY COMPANIES

Except as provided in an operating agreement, a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash. Except as provided in an operating agreement, a member may not be compelled to accept a distribution of any asset in kind from a limited liability company to the extent that the percentage of the asset distributed exceeds a percentage of that asset which is equal to the percentage in which the member shares in distributions from the limited liability company. Except as provided in the operating agreement, a member may be compelled to accept a distribution of any asset in kind from a limited liability company to the extent that the percentage of the asset distributed is equal to a percentage of that asset which is equal to the percentage in which the member shares in distributions from the limited liability company.

Collected 2026-09-04T15:10:47Z. Source file · JSON

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