Kan. Stat. Ann. § 17-7696
Remedies for breach of operating agreement by manager
Kansas · Kansas Statutes Annotated Chapter 17 — Corporations · Status: effective
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- Kan. Stat. Ann. § 17-7696, Remedies for breach of operating agreement by manager, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2439725
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Full text
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.