KS HB2371

Allows electronic transmission of documents, electronic signatures, and electronic delivery for LLC transactions and operating agreements, treating them as equivalent to written documents

Makes subscriptions for LLC interests irrevocable if the subscription terms explicitly state irrevocability

Permits LLCs and their series to elect consolidated tax treatment as a single taxpayer and single business for qualification purposes in Kansas or other states

Authorizes operating agreements to impose restrictions, duties, and obligations on members including non-compete provisions, confidentiality requirements, capital contributions, and fiduciary duties

Declares wrongful property transfers from a series to another series or the LLC with intent to hinder, delay, or defraud creditors void under K.S.A. 33-102