Kan. Stat. § 17-7696

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 17-7696 - Remedies for breach of operating agreement by manager

An operating agreement may provide that:

(a) A manager who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and

(b) at the time or upon the happening of events specified in the operating agreement, a manager shall be subject to specified penalties or specified consequences.

K.S.A. 17-7696

L. 1999, ch. 119, § 35; 1/1/2000.