Corporate – LLC – Membership – Ownership Interest – Georgia Law

Corporate – LLC – Membership – Ownership Interest – Georgia Law (access required)

Nelson v. Alliance Hospitality Management, LLC Since neither the Georgia Limited Liability Company Act nor the defendant-LLC’s operating agreement required that a member have an ownership interest in the LLC, the operating agreement’s anti-dilution provision was not necessarily implicated by plaintiff’s admission as a member of the LLC. Therefore, the majority member’s consent to plaintiff’s admission was all that was required to make plaintiff a member of the LLC.

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