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Home / Opinion Digests / Corporate / Corporate – LLC – Records Inspection – Operating Agreement – Amendment – Mandamus (access required)

Corporate – LLC – Records Inspection – Operating Agreement – Amendment – Mandamus (access required)

Believing that defendant Dietrich—the 51 percent member and sole manager of the defendant-limited liability company—had engaged in self-dealing and mismanagement, the plaintiff-minority LLC members asked to inspect the LLC’s records, a right given to them by the operating agreement. Even though Dietrich then unilaterally amended the operating agreement to curtail plaintiffs’ inspection rights, the amendment ...

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