17-7682. Contractual appraisal rights. - Kansas Statutes

17-7682

Chapter 17.--CORPORATIONS Article 76.--LIMITED LIABILITY COMPANIES

      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 members or limited liability company interests in connection with any amendment of the 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; Jan. 1, 2000.