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Home / Opinion Digests / Contract / Contract – LLC Operating Agreement – Limitation of Liability – Covenant of Good Faith – Real Estate Agent (access required)

Contract – LLC Operating Agreement – Limitation of Liability – Covenant of Good Faith – Real Estate Agent (access required)

Where a limited liability company’s operating agreement not only limited members’ and managers’ liability to the fullest extent allowed by the Limited Liability Company Act but also adopted any future statutory amendments permitting further limitation of liability, and where the General Assembly subsequently amended the act to allow the complete waiver of a manager’s duty ...

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