# K.S.A. § 17-76,107: 17-76,107 - Distribution upon resignation

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C17_A76_S17-76%2C107

## Section

- **Citation:** K.S.A. § 17-76,107
- **Heading:** 17-76,107 - Distribution upon resignation
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 17 / Article 76 / Section 17-76,107

## Text

17-76,107. Distribution upon resignation. (a) Except as provided in K.S.A. 17-76,104 through 17-76,110, and amendments thereto, upon resignation any resigning member is entitled to receive any distribution to which such member is entitled under an operating agreement and, if not otherwise provided in an operating agreement, such member is entitled to receive, within a reasonable time after resignation, the fair value of such member's limited liability company interest as of the date of resignation based upon such member's right to share in distributions from the limited liability company.

(b) Unless otherwise provided in an operating agreement, a limited liability company whose original articles of organization were filed with the secretary of state and effective on or prior to June 30, 2014, shall continue to be governed by this section in effect on June 30, 2014, and shall not be governed by this section.

## 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%2C107. Check the current official text before relying on it. Not legal advice.