{"data":{"id":"us-ks/k.s.a.-17-76-153","jurisdiction":"us-ks","citation":"K.S.A. 17-76,153","heading":"Derivative lawsuits.","body":"Members of a statutory public benefit limited liability company or assignees of limited liability company interests in a statutory public benefit limited liability company owning individually or collectively, as of the date of instituting such derivative suit, at least 2% of the then-current percentage or other interest in the profits of the limited liability company or, in the case of a limited liability company with limited liability company interests listed on a national securities exchange, the lesser of such percentage or limited liability company interests of at least $2,000,000 in market value, unless an operating agreement provides for a different percentage or other interest or market value, may maintain a derivative lawsuit to enforce the requirements set forth in K.S.A. 17-76,151(a), and amendments thereto.","path":["Chapter 17.—CORPORATIONS","Article 76.—LIMITED LIABILITY COMPANIES"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch17/017_076_0153.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:10:48Z","sha256":"3e06e7f4018bae4bfc39fa1a408b6d1ae1eb7e08d6536a13eec610beeeaef20c","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-17-76-152","next":"us-ks/k.s.a.-17-76-154"},"notice":"GroundRules: Original legal text. Not legal advice."}