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California Code, Public Resources Code - PRC § 700

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As used in this chapter:

(a) “Board” means the State Board of Forestry and Fire Protection.

(b) “Department” means the Department of Forestry and Fire Protection.

(c) “Director” means the Director of Forestry and Fire Protection.

A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member. A person who is both a manager and a member has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as provided in an operating agreement, also has the rights and powers, and is subject to the restrictions and liabilities, of a member to the extent of the manager's participation in the limited liability company as a member.

Cite this article: FindLaw.com - California Code, Public Resources Code - PRC § 700 - last updated January 01, 2019 | https://codes.findlaw.com/ca/public-resources-code/prc-sect-700/


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