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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
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Court Of Chancery Orders LLC Dissolved
Posted In LLC Agreements
Vila v. BVWEBTIES LLC , C.A. 4308-VCS (October 1, 2010)
This decision is a variation on the issue of when should a LLC be dissolved when the managers/ members are deadlocked. Merely because 1 of the managers is able to keep the business functioning at some level is not sufficient to avoid dissolution when its basic purpose is not being fulfilled.
Tags: LLC Agreements
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