Posts Tagged ‘RULLCA’
LLC Bound by Contract Even Though Contract Was Outside Its Purpose and Signatory Was Technically Not a Manager
The following is the text of an e-bulletin that I authored on apparent authority and that was published by the Corporations Committee of the Business Law Section of the State Bar of California. In  Western Surety Co. v. La Cumbre Office Partners, LLC  (February 2, 2017), a California Court of Appeal held that a California…
Read MoreChanges to California’s LLC Act — Get Ready or Get Skewered
California has a new LLC act, which took effect January 1, 2014. Although the new law has some useful features, most LLCs won’t need them. Unfortunately, the new law automatically applies to existing LLCs, and the new law contains provisions that can alter the setting for members of existing LLCs in a legally lethal way.…
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