MANAGERS NOT PROPERLY REMOVED FROM LLC DESPITE SOLE MEMBER’S INTENT
By: Scott Waxman and Zack Sager
In Llamas v. Titus, the Court of Chancery held that, despite the intent of an LLC’s sole member, certain managers of the LLC were not removed as such because the sole member did not expressly remove them. In its analysis, the Court applied corporate law principles by analogy because the LLC adopted a corporate-like structure.
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