Investcorp, L. P. v. Simpson Investment Co. L.C.

The opinion of the court was delivered by

Six, J.:

This summary judgment case involves a family controversy over the dissolution of a Limited Liability Company (LLC). The LLC was organized under the Kansas Limited Liability Company Act (the Act), K.S.A. 17-7601 et seq.

The Simpson Investment Company, L.C. (Company) members were deadlocked on important management issues. Several members withdrew to effect dissolution of the Company. The parties dispute whether these withdrawing members may now participate in dissolution, including liquidation of the Company’s assets. The issue is control of…