California Business and Professions Code

§ 7512.15

BPC § 7512.15 Effective Jan 1, 2025Div. 3 · Ch. 11.3 · Art. 1

Statute text

(a)As used in this chapter, “manager” means an individual designated under an operating agreement of a manager-managed limited liability company who is responsible for performing the management functions for the limited liability company specified in subdivision (c) of Section 17704.07 of the Corporations Code.

(b)This section shall remain in effect only until January 1, 2030, and as of that date is repealed.

Legislative history

Amended by Stats. 2024, Ch. 484, Sec. 10. (SB 1454) Effective January 1, 2025. Repealed as of January 1, 2030, by its own provisions.