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Articles Posted in RULLCA § 407(b)(4) and (c)(3)

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Understanding Deadlock in Limited Liability Companies and Partnerships

Deadlock in a limited liability company or partnership occurs when the members can no longer pursue the purpose of the business as agreed in an operating agreement or partnership agreement. A ‘minority veto’ occurs when a minority member or partner uses the unanimity requirement to block the will of majority.…

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