The new post under the link below, from Peter Mahler in his excellent “NY Business Divorce” blawg, is one of the best discussions I’ve seen concerning member expulsion provisions in LLC operating agreements.

Here’s the link:

Be Careful What You Say. It May Get You Expelled From Your LLC. | New York Business Divorce (nybusinessdivorce.com)

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=

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/

The first line of the attached new Court of Chancery decision is as follows:

“This matter involves the withdrawal of a member from an LLC, which (per the de facto LLC agreement) entitles him to a percentage of the value of the LLC’s business, as of the time of withdrawal, as valued without the continuing services of that member.”

https://llc199a.com/wp-content/uploads/Smith-v-Promotory-Financial.pdf