California Corporations Code

§ 17708.07

CORP § 17708.07 Effective Jan 1, 2016Title 2.6 · Art. 8

Statute text

(a)A foreign limited liability company transacting intrastate business in this state shall not maintain an action or proceeding in this state unless it has a certificate of registration to transact intrastate business in this state.

(b)The failure of a foreign limited liability company to have a certificate of registration to transact intrastate business in this state does not prevent the foreign limited liability company from defending an action or proceeding in this state.

(c)A member or manager of a foreign limited liability company is not liable for the debts, obligations, or other liabilities of the foreign limited liability company solely because the foreign limited liability company transacted intrastate business in this state without a certificate of registration.

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Legislative history

Amended by Stats. 2015, Ch. 775, Sec. 17. (AB 506) Effective January 1, 2016.