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Kansas · Through 2025 legislative session

K.S.A. 56a-1003: Distributions; limitations.

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Where this section sits in the code
  1. Chapter 56a.—KANSAS UNIFORM PARTNERSHIP ACT
  2. Article 10.—LIMITED LIABILITY PARTNERSHIP

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.

Collected 2026-10-15T06:54:37Z. Source file · JSON

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