Quantcast
Home / Opinion Digests / Corporate / Corporate – LLC – Derivative Claims – Demand Period – Irreparable Harm – Breach of Fiduciary Duty (access required)

Corporate – LLC – Derivative Claims – Demand Period – Irreparable Harm – Breach of Fiduciary Duty (access required)

The plaintiff-minority member of a limited liability company made its pre-suit demand on the defendant-majority member on the same day that plaintiff filed this action, thereby failing to comply with the 90-day waiting period required by G.S. § 57D-8-01(a)(2). However, in a preliminary injunction, this court has already concluded that allowing defendant to unilaterally withdraw ...

Leave a Reply

Your email address will not be published.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

*