The Court of Chancery recently concluded that a member of a Delaware LLC could reach an implied contractual agreement to withdraw as a member of the LLC, even if the
Continue Reading A Member of a Delaware LLC Can Withdraw Their Membership by Implied AgreementNathaniel Klepser
Defunct Delaware Corporation Cannot Be Used To Circumvent IPO Process
By Nathaniel Klepser & Chaney Hall on
The Court of Chancery recently denied a petition to appoint a custodian for a defunct Delaware corporation under 8 Del. C. § 226(a)(3) because the petitioner sought to use the…
Continue Reading Defunct Delaware Corporation Cannot Be Used To Circumvent IPO Process