Court Of Chancery Explains Inspection Rights Under An LLC Agreement
Posted In Books and Records, LLC Agreements
Aloha Power Company LLC v. Regenesis Power LLC, C.A. 12697-VCMR (Dec. 22, 2017)
This books and records decision addresses inspection rights granted under an LLC agreement. It also is useful as a reminder that a mere decline in an entity’s performance is not a sufficient proper purpose supporting inspection. While the “credible basis” standard for suspecting mismanagement is low, it is not that low.
Tags: Books and Records, LLC AgreementsShare