DOES RESIGNATION OF MEMBER ELIMINATE JUDICIAL DISSOLUTION BASED ON DEADLOCK?

February 4, 2020

In his latest post, the link to which is below, Peter Mahler poses the issue as follows:

Under what circumstances, if at all, does resignation of one member of a two-member board of directors eliminate “deadlock” and “internal dissention” as available grounds for corporate judicial dissolution?

Although the entity that is the subject of Peter’s post is a corporation, the post is also relevant for the many multi-member LLCs that have a corporate management structure,

Here’s the link:

https://www.nybusinessdivorce.com/2020/01/articles/deadlock/resignation-antidote-for-internal-dissention-and-deadlock/

 

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