Restricting Share Transfers in LLC Operating Agreements

The Transactional Lab

, Corporate Counsel

   | 2 Comments

An LLC Operating Agreement will usually outline the mechanics behind the LLC's ownership interests and what restrictions govern the transfer of those ownership interests.

What's being said

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    Warn the minority member/shareholders about the impact of the "Business Judgment Rule" and its "offspring" the "Special litigation Committee" which have effectively eviscerated their rights of protection against minority oppression in some jurisdictions.

  • not available

    Warn the minority member/shareholders about the impact of the "Business Judgment Rule" and its "offspring" the "Special litigation Committee" which have effectively eviscerated their rights of protection against minority oppression in some jurisdictions.

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