California Corporations Code ARTICLE 4 - Relations of Members to Each Other and to the Limited Liability Company

Section 17704.01.
(a) If a limited liability company is to have only one member upon formation, the person becomes a member as agreed by that person and the...
Section 17704.02.
A contribution may consist of tangible or intangible property or other benefit to a limited liability company, including money, services performed, promissory notes, other agreements...
Section 17704.03.
(a) A person’s obligation to make a contribution to a limited liability company is not excused by the person’s death, disability, or other inability to perform...
Section 17704.04.
(a) Any distributions made by a limited liability company before its dissolution and winding up shall be among the members in accordance with the operating agreement....
Section 17704.05.
(a) A limited liability company shall not make a distribution if after the distribution either of the following applies:(1) The limited liability company would not be able...
Section 17704.06.
(a) Except as otherwise provided in subdivision (b), if a member of a member-managed limited liability company or manager of a manager-managed limited liability company consents...
Section 17704.07.
(a) A limited liability company is a member-managed limited liability company unless the articles of organization contain the statement required by paragraph (5) of subdivision (b)...
Section 17704.08.
(a) A limited liability company shall reimburse for any payment made and indemnify for any debt, obligation, or other liability incurred by a member of a...
Section 17704.09.
(a) The fiduciary duties that a member owes to a member-managed limited liability company and the other members of the limited liability company are the duties...
Section 17704.10.
(a) Upon the request of a member or transferee, for purposes reasonably related to the interest of that person as a member or a transferee, a...

Last modified: October 22, 2018