Close

Articles Posted in RULLCA § 701(a) (4)(B)

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…

Contact Us