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Articles Posted in N.J.S.A. 42:2C-46(e)(3)

Updated:

Dissolution and the Reasonably Practicable Standard

Most limited liability company and partnership statutes make no mention of ‘deadlock’ as grounds to order the involuntary dissolution of a business. Deadlock arises when the members or partners are no longer able to pursue the basic agreements on which the business was organized, typically an operating agreement or partnership…

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