LLC Membership Interests Are “Personal Property”
By EsqSocial Corporation 24/06/21
When LLC membership interests suffer harm at the hands of wrongful conduct by another member or the LLC’s manager, the litigation claims are usually based on fiduciary duties, including the duty of good faith and fair dealing owed by every California LLC member to the LLC itself and the other members. (See Cal. Corp. Code §17704.09.)...
By: Patton Sullivan Brodehl LLP