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Fiduciary Duties of Managers and Members Under California’s Revised Uniform Limited Liability Company Act

When drafting operating agreements, amendments or joinders to operating agreements for limited liability companies formed in the State of California, practitioners should take note of changes to California limited liability company (LLC) law affecting the fiduciary duties of the managers and members.

December 6, 2016

Agreement to Subordinate Mechanic's Lien Enforceable

Contractors are routinely compelled by lenders to sign agreements to subordinate mechanic’s liens as a condition to fund construction loans. Such agreements memorialize the contractor’s assent to subordinate its mechanic’s lien rights to the lien of the deed of trust securing the lender’s construction loan.

January 2, 2015

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