Effective Jan. 1 2014, California's Beverly-Killea Limited Liability Company Act was repealed and replaced with the California Revised Uniform Limited Liability Company Act (RULLCA). RULLCA makes several changes in the law governing California limited liability companies, including significant changes in the law applicable to LLC operating agreements. Many of the default provisions (terms that the law will deem applicable to an LLC in the absence of an express provision in th