Fiduciary Duties

This panel will discuss the role of fiduciary duties in structuring LLC operating agreements. Topics will include accidental contractual resurrection of a fiduciary duty eliminated, aiding and abetting a fiduciary duty contractually eliminated, and using a majority in interest amendment provision to eliminate a fundamental fiduciary duty of the minority. Time permitting, the panel will also discuss disclosure duties connected to voting decision making.”

ABA Business Law Section

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  • 2017 LLC Institute