LLC RIGHTS OF ESTATE OF INDIVIDUAL DELAWARE LLC MEMBER UPON THE MEMBER’S DEATH

By , February 9, 2018 3:49 pm

The post by Peter Mahler under the link below addresses the above issue.  It is a key issue in any LLC operating agreement or LLC agreement for a multi-member LLC, whether the LLC is a Delaware or a non-Delaware LLC.  The basic lesson:  How the agreement addresses the issue trumps the governing LLC act (especially in Delaware but very probably under all other LLC acts).

Here’s the link:

https://www.nybusinessdivorce.com/2017/12/articles/delaware/delaware-contractarian-principles-prevail-appeal-deceased-ace-hotel-founders-llc-interest/

Leave a Comment