Kansas limited liability company act

17-76,150. Same; vote, consent or approval required for certain actions. Notwithstanding any other provision of the Kansas revised limited liability company act and unless otherwise provided in the operating agreement, a statutory public benefit limited liability company may not, without the vote, consent or approval of members who own at least 2 / 3 of the then-current percentage or other ...

The Kansas Limited Liability Company Act, in existence back in the 1990s, used to require an LLC to have an operating agreement. K.S.A. § 17-7613 (repealed 2000). The Kansas Revised Limited Liability Company Act, made effective January 1, 2000, replaced the Kansas Limited Liability Company Act.Section 17-76-137 Reserved power of state to alter or repeal act. Section 17-76-138 Taxation of limited liability companies. Section 17-76-139 Limited liability company; annual report; annual report fee; copies of applications of extension of time to file income tax returns with secretary of state, confidentiality. Section 17-76-140 Effective date.Kansas/Foreign Limited Liability Company Application. The fee is $165.00 for a domestic, foreign and professional paper filing or $160.00 for electronic filing available only for domestic LLCs. The team drafted revisions to the state’s statutes governing LLCs on behalf of the Kansas Bar Association. The revisions amend the Kansas Revised Limited Liability Company Act and the Business Entity Standard Treatment Act. Recently retired KU Law Professor Webb Hecker chaired the drafting subcommittee, joined by Professor Virginia Harper Ho.Very popular with partnerships that want to attract outside investors that typically act as limited partners, protecting them from the company's debts and obligations; Limited liability partnership (LLP) In a limited liability partnership partners can't be held liable for other partners' mistakes, errors, or outright fraud.2006 Kansas Code - 17-7668 17-7668. Nature of business permitted; powers. (a) Unless otherwise specifically prohibited by law, a limited liability company may carry on any lawful business, purpose or activity, whether or not for profit with the exception of the business of granting policies of insurance, or assuming insurance risks or banking as defined in K.S.A. 9-702, and amendments thereto.

Discover the best video production agency in Kansas City. Browse our rankings to partner with award-winning experts that will bring your vision to life. Development Most Popular Emerging Tech Development Languages QA & Support Related artic...(5) if the limited liability company will have series, the matters required by K.S.A. 17-76,143, and amendments thereto. (b) A limited liability company is formed at the time provided in K.S.A. 2019 Supp. 17-7911, and amendments thereto, if there has been substantial compliance with the requirements of this section.17-76,137 - Reserved power of state to alter or repeal act. 17-76,138 - Taxation of limited liability companies. 17-76,139 - Limited liability company; annual …17-7681. Merger or consolidation. (a) Pursuant to an agreement of merger or consolidation, a domestic limited liability company may merge or consolidate with or into one or more limited liability companies formed under the laws of this state or any other state, with such limited liability company as the agreement shall provide being the surviving or resulting limited liability company.A Kansas LLC operating agreement is a legal form that clarifies the way a limited liability company (LLC) in Kansas will be owned, managed, run, and dissolved. The document, while not a requirement for the operation of the business, can resolve disputes and even offer legal protection over company owners' private assets in the event the LLC faces a lawsuit.Kansas Limited Liability Company / Kansas LLC formation services: Topeka, KS 66603-3456, Shawnee County. BBB A+ Rating, EntityWatch® technology, iOS app, and live chat support. ... LLCs act as separate legal entities and separate their owners from the business itself. There is no personal liability for an LLC's debts, even if they are related ...A person shall not be deemed to be doing business in the state of Kansas solely by reason of being a member or manager of a domestic limited liability company or a foreign limited liability company. History: L. 1999, ch. 119, § 60; L. 2004, ch. 143, § 95; Jan. 1, 2005.

Limited Liability Companies (domestic and professional) are allowed to have the following entity types as their agent: a Kansas or foreign corporation, a Kansas or foreign limited liability company, a Kansas or foreign limited partnership, a Kansas or foreign business trust, or the entity itself with a Kansas address. Limited Liability ...17-76-134 - Construction and application of act and operating agreement. 17-76-135 - Cases not provided for in this act. 17-76-136 - Fees for documents or services of secretary of state. 17-76-137 - Reserved power of state to alter or repeal act. 17-76-138 - Taxation of limited liability companies. Limited Liability Company Act." 102. Definitions. As used in chapters [1] - [11] of this title, the terms set forth in this § [102] have the meanings indicated, unless the context otherwise requires. (1) "Act" means the Tennessee Revised Limited Liability Company Act set forth at chapters [1] - [11] of this title.Jan 11, 2021 · Article 76. - LIMITED LIABILITY COMPANIES Next 17-7673. Articles of organization; procedure for amendment; professional limited liability company, certificate by licensing body. (a) In order to form a limited liability company, one or more authorized persons must execute articles of organization. The team drafted revisions to the state’s statutes governing LLCs on behalf of the Kansas Bar Association. The revisions amend the Kansas Revised Limited Liability Company Act and the Business Entity Standard Treatment Act. Recently retired KU Law Professor Webb Hecker chaired the drafting subcommittee, joined by Professor Virginia Harper Ho.

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Distributions and Resignation. Subchapter VII. Assignment of Limited Liability Company Interests. Subchapter VIII. Dissolution. Subchapter IX. Foreign Limited Liability Companies. Subchapter X. Derivative Actions. Subchapter XI.17-76,143. Series limited liability company. (a) An operating agreement may establish or provide for the establishment of one or more designated series of members, managers or limited liability company interests having separate rights, powers or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or ...2012 Statute. Article 78. - BUSINESS ENTITY TRANSACTIONS ACT. 17-78-102. Definitions. As used in this act: (a) "Acquired entity" means the entity, all of one or more classes or series of interests in which are acquired in an interest exchange. (b) "Acquiring entity" means the entity that acquires all of one or more classes or series of ...The team drafted revisions to the state’s statutes governing LLCs on behalf of the Kansas Bar Association. The revisions amend the Kansas Revised Limited Liability Company Act and the Business Entity Standard Treatment Act. Recently retired KU Law Professor Webb Hecker chaired the drafting subcommittee, joined by Professor Virginia Harper Ho.

Limited Liability Companies in Kansas* by Edwin W. Hecker Jr. About the Author T he Kansas Limited Liability Company Act (the Act)' EDWN W. HECKER-[R. is a professor at the Unitlersi(y of Kansas School of is now over three years old and has been amended Law u~here he twice since its original enactment in 1990.' The ActLimited Liability Companies. Filings Backlog - In an effort to prioritize workflow to address the backlog, we are temporarily changing our telephone customer service hours to 10:00 a.m. to 5:00 p.m. for our division. ... Title 31, Ch. 21: Maine Limited Liability Company ActGo to the Kansas Business Entity Database Search and choose "by entity name.". Enter the name you wish to use and search to see if it is in use. Adjust your name as needed. For example, a ...Kansas Series Limited Liability Company Articles of Organization: $165.00: NA: 17-76,143: LC: File Now: Limited Liability Company Annual Report: $55.00: $50.00: 17-76,139: LCD: NA: Kansas Series Limited Liability Company Certificate of Designation: $35.00: NA: 17-76,143: LLM: NA: Certificate of Merger or Consolidation of Two or More Limited ...(a) A limited liability company that refuses to allow a member or an assignee of a membership interest to examine and copy, on written request that complies with Section 101.502(a), records or other information described by that section is liable to the member or assignee for any cost or expense, including attorney's fees, incurred in enforcing ...17-7668. Nature of business permitted; powers. (a) Unless otherwise specifically prohibited by law, a limited liability company may carry on any lawful business, purpose or activity, whether or not for profit with the exception of the business of granting policies of insurance, or assuming insurance risks or banking as defined in K.S.A. 9-702 ...Uniform Limited Partnership Act, and various corporate sources. In 1999, Kansas replaced the KLLCA with completely new legislation, the Kansas Revised Limited Liab Company Act (KRLLCA),~ effective January 1, 2000.7 The KRLLCA is patterned on the Delaware Limi Liability Company Act (DLLCA),8 thus continuing the parallelism in the business laws ...17-7689. Events; ceasing membership of a limited liability company. A person ceases to be a member of a limited liability company upon the happening of any of the following events: (a) Unless otherwise provided in an operating agreement, or with the written consent of all members, a member: (1) Makes an assignment for the benefit of creditors;LIMITED LIABILITY COMPANY ACT . There is a newer version of the Delaware Code . 2022 2021 2020 2019 2018 ... Subchapter VII Assignment of Limited Liability Company ...

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A MEMBER MANAGED LIMITED LIABILITY COMPANY ARTICLE I Company Formation 1.01 FORMATION. The Members have formed a Limited Liability Company ("Company") subject to the laws of the State of Kansas, including the Kansas Revised Limited Liability Company Act ("the Act") and Kansas Business Entity Standard Treatment Act ("BESTA"). ThisEX-3.3. Waiver of Partition; Nature of Interest. EXHIBITS, SCHEDULES AND APPENDIX. Schedule of Capital Contribution of Member. This AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (as amended, restated or amended and restated from time to time, this ) of ATMOS ENERGY KANSAS SECURITIZATION I, LLC, a Delaware limited liability company ...17-7668. Nature of business permitted; powers. (a) Unless otherwise specifically prohibited by law, a limited liability company may carry on any lawful business, purpose or activity, whether or not for profit with the exception of the business of granting policies of insurance, or assuming insurance risks or banking as defined in K.S.A. 9-702, and amendments thereto.No other provision of the Kansas revised limited liability company act shall be construed to restrict a member's or manager's power and authority to delegate any or all of its rights, powers, and duties to manage and control the business and affairs of the limited liability company. K.S.A. 17-7698.17375. Nothing in this title shall be construed to permit a domestic or foreign limited liability company to render professional services, as defined in subdivision (a) of Section 13401 and in Section 13401.3, in this state. Many professional services such as lawyers, doctors, dentists, and accountants may not operate as an LLC. 17-76,125. Foreign limited liability company; cancellation of registration, requirements. A foreign limited liability company may cancel its registration by filing with the secretary of state a certificate of cancellation executed by the members, together with the fee required by this act and the annual report and annual report fee for any tax period which has ended.There are many ways to structure a business. Five of the more basic types include sole proprietorship, general partnership, limited partnership, limited liability partnership and a corporation. Keep reading to learn about the specifics of t...Division of a limited limited company. (a) As secondhand in this section, and K.S.A. 2021 Supp. 17-76,150, and amendments thereto, and K.S.A. 17-7675, and amendments thereto: (1) "Dividing company" measures the nationally limited liability company that is effecting a division in the manner provided in get sektionen.

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A SINGLE-MEMBER LIMITED LIABILITY COMPANY ARTICLE 1 Company Formation 1.01 FORMATION. The Member has formed a Limited Liability Company ("Company") subject to the laws of the State of Kansas, including the Kansas Revised Limited Liability Company Act (“the Act”) and the Kansas Business Entity Standard Treatment Act (“BESTA”). This In 1999, Kansas replaced the KLLCA with completely new legislation, the Kansas Revised Limited Liability Company Act (KRLLCA), effective January 1, 2000. This article explores the new legislation.1. Choose a Name for Your Kansas Limited Liability Company. Check for an Available Name for the LLC in Kansas: If you are getting ready to file to form an LLC in Kansas, you need to choose a unique name for your LLC. You need to search online databases and other records to make sure that the name that you want to use for your LLC is available ...Based upon the Revised Uniform Limited Partnership Act and the Delaware Revised Uniform Limited Partnership Act (Del. Code Anno. 6 § 17-101 et seq.). ... 1984, see 56-122 et seq. For Kansas uniform partnership act, see 56a-101 et seq. 56-1a01 Title of act. 56-1a101 Definitions. 56-1a102 Repealed. ... 56-1a203 Liability of limited partners to ...LLP Act, 2008 - PDF. Limited Liability Partnership Act, 2008. A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal ...(c) This section does not apply in determining whether a foreign limited liability company is subject to service of process, taxation or regulation under any other law of this state. History: L. 2004, ch. 143, § 101; L. 2014, ch. 40, § 46; July 1.The statutory procedures to be followed for the dissolution and termination of California limited liability companies are set forth in Article 7 of the California Revised Uniform Limited Liability Company Act (“CRULLCA”), Sections 17707.01 to 17707.09. Section 17707.01 sets forth the events upon which dissolution will or can occur.19. Name of company. (1)The last word of the name of a limited company shall be "Limited":Provided that such a company may use, and may be legally designated by, the abbreviation "Ltd." for any purpose. (2)No company shall be registered by a name which in the opinion of the registrar is misleading or undesirable. ….

20 (a) has become a member of a limited liability company under 21 section 29-3401 or was a member in a company when the company became 22 subject to this chapter under section 29-3110. 23 (b) has not dissociated under section 29-3602. 24 16. "member-managed limited liability company" means a limited 25 liability company that is not a manager ...Section 17-7673 - Articles of organization; procedure for amendment; professional limited liability company, certificate by licensing body (a) In order to form a limited liability company, one or more authorized persons must execute articles of organization. The articles of organization shall be filed with the secretary of state and set forth: (1) The name of the limited liability company; (2 ...The former chapter, concerning foreign limited liability companies, consisted of Code 1981, §§ 14-11-1 through 14-11-19 and was based on Ga. L. 1992, p. 1865, § 1. ... The Georgia Limited Liability Company Act was drafted by the Georgia Limited Liability Company Committee, an ad hoc committee of lawyers from the Business and Finance Law ...A SINGLE-MEMBER LIMITED LIABILITY COMPANY ARTICLE 1 Company Formation 1.01 FORMATION. The Member has formed a Limited Liability Company ("Company") subject to the laws of the State of Kansas, including the Kansas Revised Limited Liability Company Act (“the Act”) and the Kansas Business Entity Standard Treatment Act (“BESTA”). This(a) A foreign limited liability company may register with the Secretary of State under any name (whether or not it is the name under which it is registered in the jurisdiction of its formation) that includes the words “Limited Liability Company” or the abbreviation “L.L.C.” or the designation “LLC” and that could be registered by a domestic limited liability company; provided ...Foreign Limited Liability Company/Foreign Series Limited Liability Company Application: $165.00: NA: 17-7931: FC: File Now: Foreign Entity Cancellation of Registration: $35.00: $30.00: 17-7936: KC: File Now: Kansas Limited Liability Company Certificate of Cancellation: $35.00: $30.00: 17-7675: LAO: NA: Kansas Series Limited Liability Company ...17-7668. Nature of business permitted; powers. (a) Unless otherwise specifically prohibited by law, a limited liability company may carry on any lawful business, purpose or activity, whether or not for profit with the exception of the business of granting policies of insurance, or assuming insurance risks or banking as defined in K.S.A. 9-702, and amendments thereto.17-76,138 Taxation of limited liability companies. 17-76,139 Limited liability company and series thereof; business entity information report; report fee; copies of applications of …Article 7 - DISSOLUTION AND WINDING UP (§§ 29-3701 — 29-3710) Article 9 - FOREIGN LIMITED LIABILITY COMPANIES (§§ 29-3901 — 29-3912) Article 10 - MERGER, INTEREST EXCHANGE, CONVERSION, DOMESTICATION AND DIVISION (§§ 29-4001 — 29-4005) Article 11 - PROFESSIONAL LIMITED LIABILITY COMPANIES (§§ 29-4101 …17-76,126 Same; maintenance of action or suit by foreign limited liability company not registered; effect of failure to register. 17-76,127 Repealed. 17-76,128 Execution; liability. 17-76,129 ... Kansas School Equity & Enhancement Act Gannon v. State. 2021 SPECIAL SESSION Information for Special Session 2021. 2016 SPECIAL SESSION Kansas limited liability company act, (2) "Foreign limited liability company" or "foreign company" means a limited liability company formed under the laws of a jurisdiction other than this state. (3) "Limited liability company" or "company" means a domestic limited liability company subject to this title. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006., The Norwegian Corporate Governance Board Code of Practice (Code of Practice). The Companies Act, the Public Companies Act, the Securities Act, the Partnership Act, Listing Rules and Continuing ..., Instead, it's just essential that business registration complies with the Articles of Organization and the Limited Liability Company Act. [2] This Kansas statute outlines some things you'll need for any Kansas business entity formation. Some of the information includes a distinguishable business name, industry, and amendments. LLC Operating ..., Kansas limited liability company by Stanley G. Andeel, R. Douglas Reagan, Jason P. Lacey, Jason P. Lacy, 1996, Data Trace Pub. Co. edition, in English, See, e.g., Rev. Rul. 93-38, 1993-1 C.B. 233 and Rev. Rul. 94-30, 1994-1 C.B. 316 (analyzing Delaware and Kansas limited liability company statutes, respectively). ... such as the Connecticut Act, the limited liability company may be classified as a partnership or may be classified as an association taxable as a corporation, depending upon the ..., The Secretary of State’s office is a filing agency and does not provide legal guidance. If you would like legal or other professional advice, we advise you to seek assistance from an attorney or accountant. For assistance with business filings, please contact the Business Services Division at 785-296-4564., (c) A limited liability company organized and existing under the Kansas revised limited liability company act or otherwise qualified to do business in Kansas may have and exercise all powers that may be exercised by a Kansas professional association or professional corporation under the professional corporation law of Kansas, including employmen..., 17-7689. Events; ceasing membership of a limited liability company. A person ceases to be a member of a limited liability company upon the happening of any of the following events: (a) Unless otherwise provided in an operating agreement, or with the written consent of all members, a member: (1) Makes an assignment for the benefit of creditors;, Ans. The company being a legal person is not a citizen under the Citizenship Act, 1955 or the Constitution of India. Section 2(f) of Citizenship Act, 1955 expressly excludes a company or association or body of individuals from citizenship.Certain fundamental rights enshrined in the Constitution for protection of “person”, e.g., right to equality (Article 14) etc. …, The team drafted revisions to the state’s statutes governing LLCs on behalf of the Kansas Bar Association. The revisions amend the Kansas Revised Limited Liability Company Act and the Business Entity Standard Treatment Act. Recently retired KU Law Professor Webb Hecker chaired the drafting subcommittee, joined by Professor Virginia Harper Ho. , 17-7662 - Citation of act. 17-7663 - Definitions. 17-7664 - Name of limited liability company. 17-7666 - Registered office; resident agent. 17-7667 - Service of process or service of any notice or demand. 17-7668 - Nature of business permitted; powers. 17-7669 - Business transactions of member or manager with the limited liability company., In any case not provided for in the Kansas revised limited liability company act, the rules of law and equity, including the rules of law and equity relating to fiduciary duties and the law merchant, shall govern. K.S.A. 17-76,135. Amended by L. 2019, ch. 47,§ 34, eff. 7/1/2019., UNIFORM LIMITED LIABILITY COMPANY ACT 10-32.1-01. Citation. This chapter may be cited as the "North Dakota Uniform Limited Liability Company Act". 10-32.1-02. Definitions. For purposes of this chapter, unless the context otherwise requires: 1. "Acquiring organization" means the domestic or foreign organization that acquires the, Jan 11, 2021 · (5) if the limited liability company will have series, the matters required by K.S.A. 17-76,143, and amendments thereto. (b) A limited liability company is formed at the time provided in K.S.A. 2019 Supp. 17-7911, and amendments thereto, if there has been substantial compliance with the requirements of this section. , A registered agent is required when you register your business as an LLC or corporation. You’re responsible for keeping your registered agent information up to date with the state. If the agent ..., Management of limited liability company. (a) A limited liability company is a member-managed limited liability company unless the operating agreement: (1) expressly provides that: ... The changes made to paragraphs (2) and (4) of this subsection by this amendatory Act of the 102nd General Assembly apply to: (i) any operating agreement entered ..., Are you a high school student getting ready to take the ACT? Are you feeling overwhelmed by the amount of information you need to review and the limited time you have? Don’t worry – help is at hand., 17-76,117. Involuntary dissolution. (a) A limited liability company may be dissolved involuntarily by order of the district court for the county in which the registered office of the limited liability company is located in an action filed by the attorney general when it is established that the limited liability company: (1) Has procured its ... , 17-7662 - Citation of act. 17-7663 - Definitions. 17-7664 - Name of limited liability company. 17-7666 - Registered office; resident agent. 17-7667 - Service of process or service of any notice or demand. 17-7668 - Nature of business permitted; powers. 17-7669 - Business transactions of member or manager with the limited liability company., 17-76,143. Series limited liability company. (a) An operating agreement may establish or provide for the establishment of one or more designated series of members, managers or limited liability company interests having separate rights, powers or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or ... , 28. Modification for unlimited company to re-register. (1)The special resolution required by section 24 (1) (a) must, in addition to the matters mentioned in subsection (3) of that section—. (a)state that the liability of the members is to be limited by shares and what the company's share capital is to be; and., Any person authorized to form a professional corporation under K.S.A. 17-2701 et seq., and amendments thereto, also may incorporate under the Kansas general corporation code contained in K.S.A. 17-6001 et seq., and amendments thereto, or organize under the Kansas limited liability company act contained in K.S.A. 17-7662 et seq., and amendments ..., Article 76 LIMITED LIABILITY COMPANIES 17-7662 Citation of act. 17-7663 Definitions. 17-7667 Service of process or service of any notice or demand. 17-7668 Nature of business permitted; powers. 17-7669 Business transactions of member or manager with the limited liability company. 17-7670 Indemnification., Supp. 1990); Kansas Limited Liability Company Act, KAN. STAT. ANN. §§ 17-7601 to -7651 (Supp. 1990). 10. Utah Limited Liability Company Act, UTAH CODE ANN. §§ 48-2b-101 to -156 (Cum. LIMITED LIABILITY COMPANY ACT ing studied in several other states.11 While there has not yet been a proposal for a model LLC act along the lines of the model ..., member of a board of directors, member of a limited liability company or partner. K.S.A. 74-7003 (u): "Responsible charge" means the application of personal supervision and professional judgment, and the incorporation of detailed knowledge with respect to the content of a, Consider your business goals and your ability to reach potential clients. If you still decide that an LLC is right for you, note the following rules for naming your LLC: In Kansas, the name must have "Limited Liability Company" or the abbreviation "L.L.C." or "LLC.". Words like "Bank," "Attorney," and "University" are ..., An Act enacting the Kansas revised limited liability company act; amending K.S.A. 17- 7701 and 17-7705 and K.S.A. 1998 Supp. 17-2708, 17-5903 and 58-3062 and repealing ... been signed by a representative as provided in this act. (h) "Limited liability company interest" means a member's share of, Jan 11, 2021 · (5) if the limited liability company will have series, the matters required by K.S.A. 17-76,143, and amendments thereto. (b) A limited liability company is formed at the time provided in K.S.A. 2019 Supp. 17-7911, and amendments thereto, if there has been substantial compliance with the requirements of this section. , An L3C is a variation of a limited liability company (LLC), which is a private organization where the owners actively participate in management and don’t face personal liability for the organization’s debts and obligations. An L3C, though, is a hybrid of an LLC and nonprofit business model, which is where an organization operates to benefit ..., LIMITED LIABILITY COMPANY ACT Carol R. Goforth* I. INTRODUCTION. On April 12, 1993, then-Arkansas Governor Jim Guy Tucker signed in-to law "The Small Business Entity Tax Pass Through Act,"' which for the first time authorized the organization of limited liability companies (LLCs) in Arkansas., The Ohio Revised Limited Liability Company Act (LLC Act) took effect on February 11, 2022. The LLC Act replaced Chapter 1705 of the Ohio Revised Code with Chapter 1706 of the Ohio Revised Code. Due to the changes in the law, the Secretary of State's office updated filing forms and the Ohio Business Central filing system. For example, the ..., limited liability company, which is a hybrid that can exhibit * Professor Law, University of Kansas School of Law. I am very grateful to Charles R. ... Kansas Revised Limited Liability Company Act, ch. 119, 1999 Kan. Sess. Laws 701 (effective January 1, 2000) (codified at KAN. STAT. ANN. §§ 17-7662 to -76,143 (2007 & Supp. 2012))., Any person authorized to form a professional corporation under K.S.A. 17-2701 et seq., and amendments thereto, also may incorporate under the Kansas general corporation code contained in K.S.A. 17-6001 et seq., and amendments thereto, or organize under the Kansas limited liability company act contained in K.S.A. 17-7662 et seq., and amendments ...