17-7685.   Conversion of limited liability company tocertain entities.A domestic limited liability company may convertto a business trust or association,a real estate investment trust, a common-law trust, a general partnership(including a registeredlimited liability partnership) a limited partnership or a limited liabilitypartnership, organized,formed or created under the laws of the state of Kansas, upon the authorizationof such conversionin accordance with this section. If the operating agreement specifies themanner of authorizing aconversion of the limited liability company, the conversion shall be authorizedas specified in theoperating agreement. If the operating agreement does not specify the manner ofauthorizing aconversion of the limited liability company and does not prohibit a conversionof the limited liabilitycompany, the conversion shall be authorized in the same manner as is specifiedin the operatingagreement for authorizing a merger or consolidation that involves the limitedliability company asa constituent party to the merger or consolidation. If the operating agreementdoes not specify themanner of authorizing a conversion of the limited liability company or a mergeror consolidation thatinvolves the limited liability company as a constituent party and does notprohibit a conversion ofthe limited liability company, the conversion shall be authorized by theapproval by majority ininterest of the members.

      History:   L. 1999, ch. 119, § 24; Jan. 1, 2000.