Kan. Stat. § 17-7669
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Except as provided in an operating agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with, a limited liability company and, subject to other applicable law, has the same rights and obligations with respect to any such matter as a person who is not a member or manager.
K.S.A. 17-7669