NAKED EXPULSION PROVISIONS

November 3, 2020

The post from Peter Mahler under the link below is about a recent NY LLC case upholding the validity of a bare-bones expulsion clause in the operating agreement of a NY multi-member LLC.  The decision is well-reasoned, but in my view, because expulsions are major LLC actions, they should be addressed in detail in operating agreements.

Here’s the link:

https://www.nybusinessdivorce.com/2020/10/articles/expulsion-and-removal/court-enforces-llc-agreements-naked-expulsion-clause/

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