Kansas Statutes Annotated
Updated Through the 2014 Legislative Session

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Statute Number:17-7682
Chapter Title:CORPORATIONS
Article Title:LIMITED LIABILITY COMPANIES
Tax Type:Corporate Income Tax; Corporation Franchise Tax
Brief Description:Contractual appraisal rights.
Keywords:


Body:

17-7682.Contractual appraisal rights.An operating agreement or an agreement of merger or consolidation may provide that contractual appraisal rights with respect to a limited liability company interest or another interest in a limited liability company shall be available for any class, group or series of members or limited liability company interests in connection with any amendment of an operating agreement, any merger or consolidation in which the limited liability company is a constituent party to the merger or consolidation, or the sale of all or substantially all of the limited liability company's assets. The district court shall have jurisdiction to hear and determine any matter relating to any such appraisal rights.
History:L. 1999, ch. 119, 21; L. 2012, ch. 50, 3; L. 2014, ch. 40, 18; July 1.



Date Composed: 11/14/2014 Date Modified: 11/14/2014

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