Kan. Stat. § 56a-1003
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
A partner may not receive a distribution from a limited liability partnership to the extent that, after giving effect to the distribution, all liabilities of the limited liability partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
K.S.A. 56a-1003