California Corporations Code

§ 17705.02

CORP § 17705.02 Effective Jan 1, 2016Title 2.6 · Art. 5

(a)With respect to a transfer, in whole or in part, of a transferable interest, all of the following apply:

(1)A transfer is permissible.

(2)A transfer does not by itself cause a member’s dissociation or a dissolution and winding up of the activities of a limited liability company.

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Legislative history

Amended by Stats. 2015, Ch. 775, Sec. 11. (AB 506) Effective January 1, 2016.