Kansas Statutes 17-76,111. Nature of limited liability company interest
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 17-76,111
- Limited liability company interest: means a member's share of the profits and losses of a limited liability company and a member's right to receive distributions of the limited liability company's assets. See Kansas Statutes 17-7663
- Member: means a person who is admitted to a limited liability company as a member as provided in Kan. See Kansas Statutes 17-7663
- Property: includes personal and real property. See Kansas Statutes 77-201
A limited liability company interest is personal property. A member has no interest in specific limited liability company property.