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27 Jul 2020, 4:17 am
Davie commented that Tennessee’s Revised LLC Act “allows an operating agreement to provide that someone lacks both the right and the power to withdraw” and “it is not entirely unheard of to have a provision of an LLC act that denies members the power to dissociate. [read post]
3 Sep 2019, 9:59 pm
The Federal Circuit illustrated this power in its recent decision in iNo Therapeutics LLC v. [read post]
16 Jun 2010, 8:22 am
We are proud to announce that Shelton & Power, LLC has joined forces with Process Peak to expand our already broad spectrum of franchise services. [read post]
5 Dec 2022, 4:23 am
Let’s see how good you are at predicting the outcome and its rationale in a recently decided case involving the following facts: The controller of a Delaware LLC has supermajority voting rights under the initial LLC agreement to remove members for any or no reason.The initial LLC agreement lacks any provision addressing redemption and payment rights upon removal. [read post]
25 Mar 2020, 12:33 pm
First, any member of an LLC has the power to “dissociate. [read post]
21 Oct 2015, 11:58 am
With this power the trustee can force a dissolution and access the assets of the LLC. [read post]
21 Oct 2015, 11:58 am
With this power the trustee can force a dissolution and access the assets of the LLC. [read post]
21 Oct 2015, 11:58 am
With this power the trustee can force a dissolution and access the assets of the LLC. [read post]
7 Apr 2024, 9:59 pm
In Biomedical Device Consultants and Laboratories of Colorado, LLC v. [read post]
27 Jan 2023, 11:04 am
Operating agreements frequently include provisions to resolve issues such as voting deadlock, member expulsion, company dissolution or forced buyouts. [read post]
27 Jan 2023, 11:04 am
Operating agreements frequently include provisions to resolve issues such as voting deadlock, member expulsion, company dissolution or forced buyouts. [read post]
20 Jan 2023, 10:43 am
However, the other member can either agree to the terms and sell its interests or force the offering member to sell on the same terms. [read post]
12 Oct 2018, 11:20 am
Writing forced sale within the Buy/Sell provision of your LLC operating agreement is a powerful and effective measure to ensure that your LLC interest does not become a burden to your loved ones. [read post]
4 Sep 2018, 7:39 am
The case, American Energy – Utica, LLC v. [read post]
19 Apr 2022, 11:37 am
These contracts typically are offered by a party with superior bargaining power (the corporation) to a party with lesser power (the consumer) on a take-it-or-leave-it basis. [read post]
21 Mar 2024, 1:47 pm
The court noted the irregularity of forcing Robert and Gary, who together constituted a super-majority, to file a derivative action. [read post]
20 Mar 2019, 8:43 am
The LLC’s Operating agreement will grant the Manager(s) the power to make the day to day business decisions. [read post]
18 Aug 2010, 6:00 am
Second, if Delaware forced LLCs to be as standardized as corporations, LLCs would lose a lot of their attraction, as Manesh himself argues. [read post]
30 Apr 2020, 11:32 am
See Part 1 – What Constitutes a Force Majeure [1] Relentless Air Racing, LLC v. [read post]
22 Feb 2012, 12:01 am
Bonito Partners, LLC v. [read post]
