# K.S.A. § 17-76,101: 17-76,101 - Allocation of profits and losses

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C101

## Section

- **Citation:** K.S.A. § 17-76,101
- **Heading:** 17-76,101 - Allocation of profits and losses
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 17 / Article 76 / Section 17-76,101

## Text

17-76,101. Allocation of profits and losses. The profits and losses of a limited liability company shall be allocated among the members, and among classes or groups of members, in the manner provided in an operating agreement. If the operating agreement does not so provide, profits and losses shall be allocated on the basis of the agreed value (as stated in the records of the limited liability company) of the contributions made by each member to the extent they have been received by the limited liability company and have not been returned.

## Nearby sections

- [K.S.A. § 17-76,100 17-76,100 - Liability for contribution.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C100.md)
- [K.S.A. § 17-76,101 17-76,101 - Allocation of profits and losses.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C101.md)
- [K.S.A. § 17-76,102 17-76,102 - Allocation of distributions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C102.md)
- [K.S.A. § 17-76,103 17-76,103 - Defense of usury not available.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C103.md)
- [K.S.A. § 17-76,104 17-76,104 - Interim distributions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C104.md)
- [K.S.A. § 17-76,105 17-76,105 - Resignation of manager.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C105.md)
- [K.S.A. § 17-76,106 17-76,106 - Resignation of member.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C106.md)
- [K.S.A. § 17-76,107 17-76,107 - Distribution upon resignation.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C107.md)
- [K.S.A. § 17-76,108 17-76,108 - Distribution in kind.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C108.md)
- [K.S.A. § 17-76,109 17-76,109 - Right to distribution.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C109.md)
- [K.S.A. § 17-76,110 17-76,110 - Limitations on distribution.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C110.md)
- [K.S.A. § 17-76,111 17-76,111 - Nature of limited liability company interest.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C111.md)
- [K.S.A. § 17-76,112 17-76,112 - Assignment of limited liability company interest.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C112.md)
- [K.S.A. § 17-76,113 17-76,113 - Rights of judgment creditor; charging orders.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C113.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C101. Check the current official text before relying on it. Not legal advice.