Kan. Stat. Ann. § 17-7669
Business transactions of member or manager with the limited liability company
Kansas · Kansas Statutes Annotated Chapter 17 — Corporations · Status: effective
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- Citation
- Kan. Stat. Ann. § 17-7669, Business transactions of member or manager with the limited liability company, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2439689
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Full text
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.