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Court Of Chancery Upholds Denial Of Inspection To Former Member

Prokupek v. Consumer Capital Partners LLC, C.A. 9918-VCN (December 30, 2014) This decision applies settled law in the corporate context to hold that a former member of an LLC may not obtain inspection rights because those are limited to current members. The opinion is also interesting in that it holds that even if the member interests were redeemed at too low a price, the right to inspect ended and the former member should pursue a breach of contract claim. Share

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