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Articles Posted in N.J.S.A. 42:2C-46

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Surrender of Membership Certificates Was Dissociation from LLC

A limited liability company member withdraws by voluntary dissociation, which occurs when the company has notice of his ‘express will” to withdraw.  Voluntary dissociation terminates management rights, but not economic rights. A court may refuse relief on a claim when the plaintiff has acted with unclean hands with regard to…

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