17704.03. Â
(a) A person’s obligation to make a contribution to a limited liability company is not excused by the person’s death, disability, or other inability to perform personally. If a person does not make a required contribution, the person or the person’s estate is obligated to contribute money equal to the value of the part of the contribution that has not been made, at the option of the limited liability company.
(b)Â The obligation of a member to make a contribution to a limited liability company may be compromised only by consent of all the members. A conditional obligation of a member to make a contribution to a limited liability company shall not be enforced unless the conditions of the obligation have been satisfied or waived as to or by that member. Conditional
obligations include contributions payable upon a discretionary call of a limited liability company before the time the call occurs.
(c)Â A creditor of a limited liability company that extends credit or otherwise acts in reliance on an obligation described in subdivision (a) may enforce the obligation.
(d)Â Nothing in this section shall be construed to affect the rights of third-party creditors of the limited liability company to seek equitable remedies or any rights existing under the Uniform Voidable Transactions Act (Chapter 1 (commencing with Section 3439) of Title 2 of Part 2 of Division 4 of the Civil Code).
Section 17704.02.
Section 17704.04.
30 pages
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PLD-C-010 AWORNEY 0R PARTY WlTHOUT ATTORNEY (NAME AND ADDRESS): TELEpHoNE: FOR COURT USE ONLY MISTY LEONE 1005 RELIANCE CT. PITTSBURG, CA 94565 ATTORNEY FOR (NAME): PRO PER Insert name of court, judicial district or branch court,…
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= oOo ON ODO aA Fk WO ND EDMOND FRANCIS McGILL, SBN 59719 Attorney at Law 700 Larkspur Landing Circle, Suite 199 Larkspur, California 94939 FILED. Telephone: 415 508 5323 Superior Court of California, County of San Francisco J. MICHAEL CHAPUT, SBN 233285 04/24/2015 Attorney at Law Clerk orate cout 755 Baywood Drive, Second Floor Deputy Clerk Petaluma, CA 94954 Telephone: 707 658-4444 Attorneys for Defendants ERICA KIOUS SUPERIOR COURT OF CALIFORNIA COUNTY OF SAN FRANCISCO — UNLIMITED J…
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