Corporate – LLC Manager – Competing Business

By Deborah Elkins
Published: March 19, 2010

Tags: Corporate, Fairfax Circuit Court, Judge Charles James Maxfield, Virginia Circuit Courts

Although an LLC’s operating agreement says that a unanimous vote is required for the three-member board of managers to act, this provision does not bar the LLC from suing one manager it alleges formed a competing electrical contracting business to siphon off customers, a Fairfax Circuit Court says in a case of first impression. In 2003, ...

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