AB 683: Business entities: limited liability companies.

This bill aims to expand the capabilities of limited liability companies (LLCs) in California by allowing them to present a certification of their existence and authority to licensed escrow agents, real estate brokers, and title insurance companies. The certification would confirm specific facts about the LLC, such as its operating agreement and any changes to it. This certification would be signed by authorized signers and recorded with the county recorder. The bill also provides that a person can rely on the representations in the certification, and if they act in good faith without knowing the representations are incorrect, they are not liable. Additionally, transactions and liens created by the LLC and authorized signers would be enforceable against the LLC's assets.