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

By North Carolina Lawyers Weekly Staff
Published: January 31,2013

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.


Contract – Arbitration – Deposition — Waiver of Right to Compel Arbitration – Operating Agreement (access required)

By North Carolina Lawyers Weekly Staff
Published: August 9,2012

HCW Retirement & Fnancial Services, LLC v. HCW Employee Benefit Services, LLC Several key claims in a thorny dispute were covered by an arbitration clause, contrary to the trial court’s ruling. However, the defendants waived their right to arbitration by deposing plaintiff at length and in detail about the claims in dispute in advance of arbitration.


Lesson for lawyers: ‘Get your house in order’ (access required)

By Sylvia Adcock
Published: February 4,2011

The N.C. Court of Appeals issued a cautionary tale for lawyers last week in an opinion involving a Fayetteville law firm that formed a PLLC but didn't bother to file an operating agreement. The resulting breakup wasn't pretty.



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