Kansas HB2355 modifies provisions related to series limited liability companies, including management, liability, and dissolution.
Kansas HB2355 amends the Kansas Revised Limited Liability Company Act to modify provisions related to series limited liability companies. The bill allows a limited liability company to establish series with separate rights, powers, and duties. It specifies that the management of a series is vested in the manager or managers chosen in the operating agreement. The bill also outlines the conditions under which a series can be dissolved and its affairs wound up.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.