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Court Of Chancery Explains Duties Owed To Investors
By Morris James LLP on September 24, 2014
Posted In Fiduciary Duty
Ross Holding and Management Company v. Advanced Realty Group LLC, C.A. 4133-VCN (September 4, 2014)
This is another decision pointing out that limitations on a fiduciary duty must be "plain and unambiguous" in an LLC agreement. Indeed, the failure to use language approved in prior cases seems inexcusable if it is intended to limit any fiduciary duties.
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