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Beverly-Killea Limited Liability Company Act Revised Uniform Limited Liability Company Act

Allen Matkins

CARULLCA Transition Issues Left Unaddressed In Recent Decision

Allen Matkins on

Hillsborough Dev. Co., LLC v. Annen Case No. D074818 (Cal. Ct. App. Aug. 9, 2019) involved a disputed removal of an LLC's manager by a majority of the members. The LLC agreement was silent on how the manager could be removed...more

Allen Matkins

LLCs Are Found In The Corporations Code But They Are Not Corporations

Allen Matkins on

As one might expect, the California Corporations Code includes California General Corporation Law. The Corporations Code covers a lot more than corporations, however. It includes, for example, California's partnership,...more

Allen Matkins

Memo To The Legislature: The Beverly-Killea Act Hasn't Been Law Since 2014

Allen Matkins on

California's first limited liability company act was known as the Beverly-Killea Limited Liability Company Act, former Corporations Code Section 17000 et seq. In 2012, the legislature replaced it with the ill conceived...more

Allen Matkins

Is It Time To Change The Name of LLCs?

Allen Matkins on

Professor Joshua Fershee has been fighting the good fight on limited liability company nomenclature, but I fear that he is losing. For example, the following appeared in a recent U.S. Magistrate's ruling denying a...more

Allen Matkins

Governor Signs Bill Aimed At Fixing CARULLCA

Allen Matkins on

Readers of this blog will know that I’ve been censorious of California’s Revised Uniform Limited Liability Company Act (CARULLCA), Corporations Code §§ 17701.01 – 17713.13.  The Partnership and Limited Liability Companies...more

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