California Corporations Code

§ 17706.03

CORP § 17706.03 Effective Jan 1, 2016Title 2.6 · Art. 6

Statute text

(a)When a person is dissociated as a member of a limited liability company all of the following apply:

(1)The person’s right to vote or participate as a member in the management and conduct of the limited liability company’s activities terminates.

(2)If the limited liability company is member-managed, the person’ s fiduciary duties as a member end with regard to matters arising and events occurring after the person’s dissociation.

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Legislative history

Amended by Stats. 2015, Ch. 775, Sec. 12. (AB 506) Effective January 1, 2016.