ARTICLE 11. Dissenters’ Rights [17711.01. - 17711.14.]
Article 11 added by Stats. 2012, Ch. 419, Sec. 20.
§§ 17711.01–17711.14 · 14 sections
- § 17711.01 (a) For purposes of this article, “reorganization” refers to any of the following: (1) A conversion pursuant to Article 10 (commencing with Section 17710.01).…
- § 17711.02 (a) If the approval of outstanding membership interests is required for a limited liability company to participate in a reorganization, pursuant to the limited…
- § 17711.03 (a) If members have a right under Section 17711.02, subject to compliance with paragraphs (4) and (5) of subdivision (b) of Section 17711.02, to require the…
- § 17711.04 Within 30 days after the date on which notice of the approval of the outstanding interests of the limited liability company is mailed to the member pursuant to…
- § 17711.05 (a) If the limited liability company and the dissenting member agree that the member’s interest is a dissenting interest and agree upon the price to be paid…
- § 17711.06 (a) If the limited liability company denies that a membership interest is a dissenting interest, or the limited liability company and a dissenting member fail…
- § 17711.07 (a) If the court appoints an appraiser or appraisers, they shall proceed forthwith to determine the fair market value per interest of the outstanding…
- § 17711.08 To the extent that the payment to dissenting members of the fair market value of their dissenting interests would require the dissenting members to return…
- § 17711.09 Any cash distributions made by a limited liability company to a dissenting member after the date of consummation of the reorganization, but prior to any…
- § 17711.10 Except as expressly limited by this article, dissenting members shall continue to have all the rights and privileges incident to their interests immediately…
- § 17711.11 A dissenting interest loses its status as a dissenting interest and the holder thereof ceases to be a dissenting member and ceases to be entitled to require…
- § 17711.12 If litigation is instituted to test the sufficiency or regularity of the vote or consent of the members in authorizing a reorganization, any proceedings under…
- § 17711.13 (a) This article applies to the following: (1) A domestic limited liability company formed on or after January 1, 2014. (2) A foreign limited liability company…
- § 17711.14 (a) No member of a limited liability company who has a right under this article to demand payment of cash for the interest owned by a member in a limited…