Delaware Corporate Case Relevant to LLCs

January 31, 2019

The controlling members of LLCs often want to obtain waivers from minority members of their statutory appraisal rights.  Under the link below is a useful post about a recent Delaware case addressing the validity of these waivers under Delaware corporate law; but the reasoning and holding in the case is readily applicable to LLCs—and not only in Delaware but also, I suspect, in many other states.

Here’s the link: https://www.pepperlaw.com/publications/contractual-waivers-of-appraisal-rights-declared-valid-under-delaware-law-2018-10-05/

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