California Corporations Code 17701.06 – The law of this state governs all of the following:(a) The …
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The law of this state governs all of the following:
(a) The internal affairs of a limited liability company.
Terms Used In California Corporations Code 17701.06
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77
(b) The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of a limited liability company.
(c) The authority of the members and agents of a limited liability company.
(Added by Stats. 2012, Ch. 419, Sec. 20. (SB 323) Effective January 1, 2013. Operative January 1, 2014, by Sec. 32 of Ch. 419.)