Common Contracts
1 similar Operating Agreement contracts
Kansas Statutes Annotated Updated Through the 2014 Legislative Session Previous Return to KSA Listing Next Statute Number: 17-7695 Tax Type: Corporate Income Tax; Corporation Franchise Tax Brief Description: Classes and voting; meetings of managers....Operating Agreement • May 5th, 2020
Body: 17-7695. Classes and voting; meetings of managers. (a) An operating agreement may provide for classes or groups of managers having such relative rights, powers and duties as the operating agreement may provide, and may make provision for the future creation in the manner provided in the operating agreement of additional classes or groups of managers having such relative rights, powers and duties as may from time to time be established, including rights, powers and duties senior to existing classes and groups of managers. An operating agreement may provide for the taking of an action, including the amendment of the operating agreement, without the vote or approval of any manager or class or group of managers, including an action to create under the provisions of the operating agreement a class or group of limited liability company interests that was not previously outstanding. (b) An operating agreement may grant to all or certain identified managers or a specified class or group
