Please ensure Javascript is enabled for purposes of website accessibility
Home / Opinion Digests / Corporate / Corporate — LLC – Litigation Expenses – Prior to Suit – Non-Lawyer Contractor – Voluntarily Dismissed Claims (access required)

Corporate — LLC – Litigation Expenses – Prior to Suit – Non-Lawyer Contractor – Voluntarily Dismissed Claims (access required)

Defendant Burnette seeks indemnification from the defendant-limited liability company for the expenses he incurred in successfully defending a lawsuit brought by plaintiff, a co-member of the LLC. Both the Limited Liability Company Act (LLC Act) and the Business Corporation Act (BCA) authorize indemnification of expenses incurred “in connection with the proceeding.” However, the LLC Act ...

Leave a Reply

Your email address will not be published.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

*