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Court Of Chancery Explains LLC Agreement

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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