Kan. Stat. Ann. § 17-7694
Contributions by a manager
Kansas · Kansas Statutes Annotated Chapter 17 — Corporations · Status: effective
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- Citation
- Kan. Stat. Ann. § 17-7694, Contributions by a manager, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2439723
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Full text
A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member. A person who is both a manager and a member has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as provided in an operating agreement, also has the rights and powers, and is subject to the restrictions and liabilities, of a member to the extent of the manager's participation in the limited liability company as a member.