Whether fairly or not, the majority members of a multi-member LLC often want to get rid of a dissenting minority member. Peter Mahler’s excellent blog “New York Business Divorce” addresses this issue in the post under the link below. The introduction to the post is as follows:
In a long-awaited decision handed down last week by the Appellate Division, Second Department, the court construed two sections of New York’s LLC Law in a significant boost to the ability of members with voting control to remove minority members by means of a cash-out merger. Learn more in this week’s New York Business Divorce.