California Corporations Code

§ 17706.02

CORP § 17706.02 Effective Jan 1, 2013Title 2.6 · Art. 6

Statute text

A person is dissociated as a member from a limited liability company when any of the following occur:

(a)The limited liability company has notice of the person’s express will to withdraw as a member, but, if the person specified a withdrawal date later than the date the limited liability company had notice, on that later date.

(b)An event stated in the operating agreement as causing the person’s dissociation to occur.

…

Legislative history

Added by Stats. 2012, Ch. 419, Sec. 20. (SB 323) Effective January 1, 2013. Operative January 1, 2014, by Sec. 32 of Ch. 419.