DEADLOCK

By , December 13, 2017 10:54 am

In the post under the link below, Peter Mahler discusses a Massachusetts Supreme Court case providing a judicial a definition for the term “deadlock” under the deadlock-dissolution provision in the Massachusetts corporate statute.   Peter’s posts are always excellent, but in my view, the post below ranks as one of his very best, and the definition in the Massachusetts case applies just as much to LLCs as to corporations.

A key question about the definition for LLC formation lawyers is this:  What are its implications in LLC formation practice—i.e., in planning, negotiating and drafting LLC operating agreements?  I’ll try my hand at addressing that question in a forthcoming post.

Here’s the link:  http://www.nybusinessdivorce.com/2017/10/articles/deadlock/court-defines-true-deadlock/

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