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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
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Court Of Chancery Explains Books And Records Rights In An LLC
Posted In Books and Records
DFG Wire Company LLC v. Eight Estates Wine Holdings LLC, C.A. 6110-VCN (August 31, 2011)
Inspection rights in LLCs are different from those in corporations. The statute is different and the relationship between the owners is different. This decision does a good job of explaining inspection rights in an LLC, including when those rights may reach the records of a subsidiary.
Tags: Books and Records
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