Section 18-802 of Delaware’s Limited Liability Act (“LLC Act”) provides a statutory basis for the Court of Chancery to dissolve a Delaware LLC. The statute, which confers standing upon an
Continue Reading Court of Chancery Opinion Addresses the Equitable Dissolution of a Delaware LLC
6 Del. C. Section 18-802
Chancery Grants Dissolution Under Section 18-802 of the LLC Act
By Fox Rothschild LLP on
In the recent decision of In re: GR Burgr, LLC; GR US Licensing, LP v. Rowen Seibel, C.A. No. 12825-VCS (Del. Ch. Aug. 25, 2017), Vice Chancellor Slights entered…
Continue Reading Chancery Grants Dissolution Under Section 18-802 of the LLC Act
Dissolution of a Delaware Limited Liability Company
By Fox Rothschild LLP on
Prior posts have addressed the dissolution of Delaware corporations under the Delaware General Corporation Law. This post will focus on the standard for obtaining a court-ordered dissolution of a Delaware…
Continue Reading Dissolution of a Delaware Limited Liability Company