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The Uniform Limited Liability Company Act

The Uniform Limited Liability Company Act is a set of laws that govern the formation and operation of limited liability companies (LLCs) in the United States. The Act provides a framework for LLCs to operate and outlines the rights and responsibilities of LLC members and managers. It also provides guidance on

From Wikipedia

The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act, proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies by U.S. states. The ULLCA was originally promulgated in 1995 and amended in 1996 and 2006. It has been enacted in 20 U.S. jurisdictions: Alabama, Arizona, Arkansas, California, Connecticut, the District of Columbia, Florida, Idaho, Illinois, Iowa, Minnesota, Nebraska, New Jersey, North Dakota, Pennsylvania, South Dakota, Utah, Vermont, Washington, and Wyoming.

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