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Court Of Chancery Explains LLC Agreement
By Morris James LLP on April 30, 2015
Posted In LLC Agreements
Hampton v. Turner, C.A. 8963-VCN (April 29, 2015)
A repeat issue with using the LLC form of entity is trying to figure out what the LLC agreement means. This decision is another example of the Court sorting through conflicting interpretations that must have surprised at least one of the parties. As such it is a useful, if limited by its facts, primer on proper interpretation.
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