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Court Of Chancery Limits Creditor Standing
By Morris James LLP on April 24, 2017
Posted In LLC Agreements
Trusa v. Nepo, C.A. No. 12071 (April 13, 2017)
This decision holds that a creditor lacks standing to bring breach of fiduciary duty claims arising out of the management of an LLC. Of course, creditors are better served by drafting the loan documents to protect their rights.
Tags: LLC Agreements
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