Corporations, Limited Liability Company Can Ratify Prior Ultra Vires Acts, 1, 7
Like a corporation (see Corp. Code 119), a limited liability company may ratify acts or board resolutions that were not taken or adopted with proper authority. Under Corp. Code 17701.05 provides that a limited liability company generally “shall have all the powers of a natural person in carrying out its business activities.” (§ 17701.05.) Because a natural person has the power to ratify acts taken on the person’s behalf, limited liability companies likewise may, through their members, ratify actions previously taken on behalf of the company.