California Corporations Code

§ 17713.10.1

CORP § 17713.10.1 Effective Jan 1, 2019Title 2.6 · Art. 13

Statute text

(a)A domestic limited liability company, as described in subdivisions (g) and (k) of Section 17701.02, may be subject to administrative cancellation pursuant to this section if, as of January 1, 2019, or at any time thereafter, the limited liability company’s powers, rights, and privileges are, and have been, suspended by the Franchise Tax Board pursuant to Article 7 (commencing with Section 23301) of Chapter 2 of Part 11 of Division 2 of the Revenue and Taxation Code for a period of not less than 60 continuous months.

(b)Prior to administrative cancellation of the limited liability company, the limited liability company shall be notified of the pending administrative cancellation as follows:

(1)The Franchise Tax Board shall mail written notice to the last known address of the limited liability company.

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Legislative history

Added by Stats. 2018, Ch. 679, Sec. 2. (AB 2503) Effective January 1, 2019.