POST-BUY DISTRIBUTIONS IN LLC MEMBER BUY-OUT

April 7, 2020

The link below is to the latest post by Peter Mahler, in which he addresses a recent New York state case in which  a bought-out LLC member tried but failed to receive distributions over and above the buy-out price.   The case suggests (to me, at least) that it may sometimes be useful to address this issue in operating agreements.

Here’s the link:  https://www.nybusinessdivorce.com/2020/03/articles/advancement-and-indemnificatio/no-double-dipping-court-denies-post-valuation-date-distributions-in-equitable-buyout-of-llc-member/

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