September 16, 2021

Volume XI, Number 259

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September 14, 2021

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Bill Would Require Notification To LLCs Of Updated Filings

Corporations Code Section 17702.09 requires every California limited liability company and every foreign limited liability company registered to transact intrastate business in California to file and update a Statement of Information.  Although the Statement must be signed under penalty of perjury, unauthorized filings can be made unbeknownst to the LLC.   A bill, AB 1381, was recently amended to require the Secretary of State's office by January 1, 2023,  to create and implement a procedure to transmit a notice to an LLC stating that an updated statement of information has been filed for that limited liability company or that foreign limited liability company.   

© 2010-2021 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume XI, Number 180
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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
Partner

Keith Bishop works with privately held and publicly traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California.

While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of...

949-851-5428
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