ARTICLE 4. Relations of Members to Each Other and to the Limited Liability Company [17704.01. - 17704.10.]

Article 4 added by Stats. 2012, Ch. 419, Sec. 20.

§§ 17704.01–17704.10 · 10 sections

• § 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 organizer of the…
• § 17704.02 A contribution may consist of tangible or intangible property or other benefit to a limited liability company, including money, services performed, promissory…
• § 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…
• § 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…
• § 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…
• § 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…
• § 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…
• § 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…
• § 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…
• § 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 manager or, if…