The articles of organization or the operating agreement may provide for the creation of classes of members having those relative rights, powers, and duties as the articles of organization or operating agreement may provide, including rights, powers, and duties senior to other classes of members.
Cal. Corp. Code § 17712.01
Class Provisions
Known as the California Revised Uniform Limited Liability Company Act
The act spans §§ 17701–17713 (112 sections).
Added by Stats. 2012, Ch. 419, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.