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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Court Of Chancery Permits Full Transfer Of Membership
It is often unclear when a member of an LLC may transfer not just her financial interests but her voting rights as well. The LLC Act leaves that issue to be determined by the LLC operating agreement. Here the Court closely examines this issue and an LLC agreement and decides that a member's full interest may be transferred by her without the other members' consent.