Court Rules That A Conversion May Be Actionable As Conversion | Allen Matkins
To embed, copy and paste the code into your website or blog: The California Revised Uniform Limited Liability Company Act authorizes the conversion of a limited liability company into various other types of entities, including a corporation. Cal. Corp. Code § 17710.02. Following conversion, the succeeding entity is for all purposes (with certain exceptions under the Revenue & Taxation Code) "the same entity that existed before the conversion and the conversion shall not be deemed a transfer of property". Cal. Corp. Code § 17710.09(a). If there is no transfer of property, could there...