California Corporations Code

§ 17704.01

CORP § 17704.01 Effective Jan 1, 2016Title 2.6 · Art. 4

Statute text

(a)If a limited liability company is to have only one member upon formation, the person becomes a member as agreed by that person and the organizer of the limited liability company. That person and the organizer may be, but need not be, different persons. If different, the organizer acts on behalf of the initial member.

(b)If a limited liability company is to have more than one member upon formation, those persons become members as agreed by the persons before the formation of the limited liability company. The organizer acts on behalf of the persons in forming the limited liability company and may be, but need not be, one of the persons.

(c)After formation of a limited liability company, a person becomes a member as follows:

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Legislative history

Amended by Stats. 2015, Ch. 775, Sec. 5. (AB 506) Effective January 1, 2016.