Chancery Court Appoints Liquidating Trustee for Deadlocked LLC
Spellman v. Katz, (Del Ch., Feb. 6, 2009), read opinion here. This Delaware Chancery Court opinion involved the appointment of a liquidating trustee to wind-up the LLC where the two 50/50 owners were deadlocked and their Operating Agreement already provided for dissolution. The same vice chancellor issued a decision a...
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