California Corporations Code

§ 17708.01

CORP § 17708.01 Effective Jan 1, 2013Title 2.6 · Art. 8

(a)The law of the state or other jurisdiction under which a foreign limited liability company is formed governs all of the following:

(1)The organization of the limited liability company, its internal affairs, and the authority of its members and managers.

(2)The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the limited liability company.

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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.