Category: Dissociation Issues

EXPULSION

The post under the link below, which deals with expulsions of members of multi-member LLCs, is based on New Jersey statutory and case law, but it is relevant to LLC lawyers in most or all other states.

Here’s the link:  https://www.lexology.com/library/detail.aspx?g=15fbd0c3-811d-4f29-9fe2-0fb566581f46&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2021-03-19&utm_term=

PERILS OF A COURT APPOINTED RECEIVER DISSOLVING AN LLC

Handling LLC breakups is a key task for LLC lawyers.  Peter Mahler’s post in his excellent blawg entitled New York Business Divorce concerns a recent NY case in which a court’s appointment of a receiver in the dissolution of an LLC whose members could not work together was, to put it mildly, troublesome.

Here’s the link:

https://www.nybusinessdivorce.com/2019/07/articles/receivership/court-appoints-interim-receiver-for-llc-but-at-what-price/