In the case of LLCs, the current Corporations Code § 17702.09a8 requires disclosure to any member or any manager. Burdensome that the analogous requirement for corporations Sections 1502a10 7 2117a8 which requires disclosure only as to officers and directors.
Under section 17707.03 of California’s Revised Uniform Limited Liability Company Act, when a member sues the other members for dissolution of the LLC, the other members can exercise a.
Superior Court of New Jersey Appellate Division issued an important decision in Premier Physician Network LLC v. Robert Maro Jr MD, which held that a draft operating agreement does not become the operating agreement of an LLC unless there is an agreement of the members.