17-7699.
Form of contribution.
The contribution of a member to a limited liability company may be in cash, property or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services.
History:
L. 1999, ch. 119, § 38; January 1, 2000.
Notes of Decisions
Canyon Creek Dev., LLC v. Fox, 263 P.3d 799 (Kan. Ct. App. 2011).
· cites it 2× “17-7663(c) and K.S.A. 17-7699. K.S.A. 17-7663(c) defines a contribution to include “cash, property, services rendered or a promissory note or other obligation to contribute cash or property or to perform services,” and K.”
Leggett v. Hontz, 507 P.3d 1151 (Kan. Ct. App. 2022).
“See K.S.A. 17-7699 (contribution may be made in cash, property, services rendered, or by promissory note).”
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