17-7686.Admission of members.
(a) In connection with the formation of a limited liability
company, a person is
admitted as a member of the limited liability company upon the later to occur
of:
(1) The formation of the limited liability company; or
(2) the time provided in and upon compliance with the operating agreement
or, if the
operating agreement does not so provide, when the person's admission is
reflected in the records of
the limited liability company.
(b) After the formation of a limited liability company, a person is admitted
as a member of the limited liability company:
(1) In the case of a person who is not an assignee of a limited liability
company interest,
including a person acquiring a limited liability company interest directly from
the limited liability
company and a person to be admitted as a member of the limited liability
company without acquiring
a limited liability company interest in the limited liability company at the
time provided in and upon
compliance with the operating agreement or, if the operating agreement does
not so provide, upon
the consent of all members and when the person's admission is reflected in the
records of the limited
liability company;
(2) in the case of an assignee of a limited liability company interest, as
provided in
subsection (a) of K.S.A. 17-76,114, and amendments thereto, and at
the time provided
in and upon
compliance with the operating agreement or, if the operating agreement does
not so provide, when
any such person's permitted admission is reflected in the records of the
limited liability company;
or
(3) unless otherwise provided in an agreement of merger or consolidation, in
the case of a
person acquiring a limited liability company interest in a surviving or
resulting limited liability
company pursuant to a merger or consolidation approved in accordance with
subsection (b) of
K.S.A. 17-7681, and amendments thereto, at the time provided in and
upon compliance
with the operating
agreement of the surviving or resulting limited liability company.
(c) A person may be admitted to a limited liability company as a member of
the limited
liability company and may receive a limited liability company interest in the
limited liability
company without making a contribution or being obligated to make a contribution
to the limited
liability company. Unless otherwise provided in an operating agreement, a
person may be admitted to a limited liability company as a member of the
limited liability company without acquiring a
limited liability company interest in the limited liability company. Unless
otherwise provided in a
operating agreement, a person may be admitted as the sole member of a limited
liability company
without making a contribution or being obligated to make a contribution to the
limited liability
company or without acquiring a limited liability company interest in the
limited liability company.
17-7686.Admission of members.
(a) In connection with the formation of a limited liability
company, a person is
admitted as a member of the limited liability company upon the later to occur
of:
(1) The formation of the limited liability company; or
(2) the time provided in and upon compliance with the operating agreement
or, if the
operating agreement does not so provide, when the person's admission is
reflected in the records of
the limited liability company.
(b) After the formation of a limited liability company, a person is admitted
as a member of the limited liability company:
(1) In the case of a person who is not an assignee of a limited liability
company interest,
including a person acquiring a limited liability company interest directly from
the limited liability
company and a person to be admitted as a member of the limited liability
company without acquiring
a limited liability company interest in the limited liability company at the
time provided in and upon
compliance with the operating agreement or, if the operating agreement does
not so provide, upon
the consent of all members and when the person's admission is reflected in the
records of the limited
liability company;
(2) in the case of an assignee of a limited liability company interest, as
provided in
subsection (a) of K.S.A. 17-76,114, and amendments thereto, and at
the time provided
in and upon
compliance with the operating agreement or, if the operating agreement does
not so provide, when
any such person's permitted admission is reflected in the records of the
limited liability company;
or
(3) unless otherwise provided in an agreement of merger or consolidation, in
the case of a
person acquiring a limited liability company interest in a surviving or
resulting limited liability
company pursuant to a merger or consolidation approved in accordance with
subsection (b) of
K.S.A. 17-7681, and amendments thereto, at the time provided in and
upon compliance
with the operating
agreement of the surviving or resulting limited liability company.
(c) A person may be admitted to a limited liability company as a member of
the limited
liability company and may receive a limited liability company interest in the
limited liability
company without making a contribution or being obligated to make a contribution
to the limited
liability company. Unless otherwise provided in an operating agreement, a
person may be admitted to a limited liability company as a member of the
limited liability company without acquiring a
limited liability company interest in the limited liability company. Unless
otherwise provided in a
operating agreement, a person may be admitted as the sole member of a limited
liability company
without making a contribution or being obligated to make a contribution to the
limited liability
company or without acquiring a limited liability company interest in the
limited liability company.
17-7686.Admission of members.
(a) In connection with the formation of a limited liability
company, a person is
admitted as a member of the limited liability company upon the later to occur
of:
(1) The formation of the limited liability company; or
(2) the time provided in and upon compliance with the operating agreement
or, if the
operating agreement does not so provide, when the person's admission is
reflected in the records of
the limited liability company.
(b) After the formation of a limited liability company, a person is admitted
as a member of the limited liability company:
(1) In the case of a person who is not an assignee of a limited liability
company interest,
including a person acquiring a limited liability company interest directly from
the limited liability
company and a person to be admitted as a member of the limited liability
company without acquiring
a limited liability company interest in the limited liability company at the
time provided in and upon
compliance with the operating agreement or, if the operating agreement does
not so provide, upon
the consent of all members and when the person's admission is reflected in the
records of the limited
liability company;
(2) in the case of an assignee of a limited liability company interest, as
provided in
subsection (a) of K.S.A. 17-76,114, and amendments thereto, and at
the time provided
in and upon
compliance with the operating agreement or, if the operating agreement does
not so provide, when
any such person's permitted admission is reflected in the records of the
limited liability company;
or
(3) unless otherwise provided in an agreement of merger or consolidation, in
the case of a
person acquiring a limited liability company interest in a surviving or
resulting limited liability
company pursuant to a merger or consolidation approved in accordance with
subsection (b) of
K.S.A. 17-7681, and amendments thereto, at the time provided in and
upon compliance
with the operating
agreement of the surviving or resulting limited liability company.
(c) A person may be admitted to a limited liability company as a member of
the limited
liability company and may receive a limited liability company interest in the
limited liability
company without making a contribution or being obligated to make a contribution
to the limited
liability company. Unless otherwise provided in an operating agreement, a
person may be admitted to a limited liability company as a member of the
limited liability company without acquiring a
limited liability company interest in the limited liability company. Unless
otherwise provided in a
operating agreement, a person may be admitted as the sole member of a limited
liability company
without making a contribution or being obligated to make a contribution to the
limited liability
company or without acquiring a limited liability company interest in the
limited liability company.