News & Analysis as of

Limited Liability Act Limited Liability Company (LLC)

Jaburg Wilk

Will Your Vote Count? Member and Manager Voting under Arizona’s New LLC Act

Jaburg Wilk on

Arizona's new Limited Liability Company Act (the "New Act"), which goes into effect for all Arizona LLCs on September 1, 2020, and already governs limited liability companies (each an "LLC") formed on or after September 1,...more

Jaburg Wilk

New Arizona Limited Liability Act - Do I Really Need a New Operating Agreement?

Jaburg Wilk on

The Revised Arizona Limited Liability Act ("New Act") has been effective since September 1, 2019 for new limited liability companies ("LLCs"). It now becomes effective for any existing LLCs on September 1, 2020. Especially...more

Jaburg Wilk

Careful What You Say: The Unintended Consequences Of Oral Operating Agreements

Jaburg Wilk on

The New Arizona Limited Liability Company Act (the "New Act"), applicable immediately for all Arizona limited liability companies (each, a "LLC") formed on or after September 1, 2019 and applicable September 1, 2020 for all...more

MoFo Impact

Delaware Considers New Statutory Public Benefit Limited Liability Company

MoFo Impact on

In April 2018, the Delaware State Bar Association’s Corporate Law Section approved an amendment to the Delaware Limited Liability Company Act that allows for the formation of public benefit limited liability companies...more

Davis Wright Tremaine LLP

Washington LLC Act: How Family Businesses Are Affected

Embracing change is tough, because it rarely hugs you back. But the recent changes to the Washington State LLC Act (RCW Chapter 25.15) at least have some provisions that are affectionate toward family businesses and LLCs in...more

Akerman LLP

2015 Legislative Changes to Florida's Limited Liability Company Act

Akerman LLP on

During the 2015 legislative session, the Florida legislature adopted amendments to Chapter 605 of the Florida Statutes. Chapter 605 is the Florida Revised Limited Liability Company Act (Florida Revised LLC Act). The bill...more

Ervin Cohen & Jessup LLP

Update of California Statutory Law – The California Revised Uniform Limited Liability Company Act – Lenders and Borrowers Beware

The California legislature recently enacted the California Revised Uniform Limited Liability Company Act which made some important changes to existing California law affecting both lenders and limited liability company...more

Bilzin Sumberg

Revised Florida Limited Liability Company Act Becomes Law

Bilzin Sumberg on

On Friday, Governor Rick Scott signed the Revised Florida Limited Liability Company Act into law. ...more

Bilzin Sumberg

Florida Legislature Passes New Revised Limited Liability Company (LLC) Act

Bilzin Sumberg on

The New Florida LLC Act is Coming Soon - On May 3, 2013, as the last piece of legislation to be enacted this session, the Florida House of Representatives unanimously passed the new Florida Revised Limited Liability...more

Allen Matkins

Bill Would Mandate Indemnification Of LLC Agents

Allen Matkins on

California’s current limited liability act permits indemnification of any person (including any manager, member, officer, employee, or agent of the limited liability company) against judgments, settlements, penalties, fines,...more

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