Quantcast
Home / Opinion Digests / Corporate / Corporate – LLC – Operating Agreement – Authorization of Distributions (access required)

Corporate – LLC – Operating Agreement – Authorization of Distributions (access required)

Plaintiff owned two-thirds of the membership interest and agreed to co-manage the subject LLC with defendant who held the other third. Plaintiff alleged that defendant had instead unilaterally managed the LLC. Plaintiff alleged that defendant breached the LLC’s operating agreement by authorizing a distribution without plaintiff’s consent, by withholding plaintiff’s share of the distribution, and ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*