Legislature Poised To Impose Huge Costs By Rewriting Every California LLC Operating Agreement
On January 1, 2016, the operating agreement of every limited liability company organized under Beverly-Killea Limited Liability Company Act, Cal. Corp. Code §§ 17000 et seq. may be amended. This is no Millerite prophecy. The legislature is poised to pass SB 323 (Vargas) when it returns from its summer recess on August 6. That bill would make the current Beverly-Killea Act inoperative on Read more...
