Quantcast
Home / Opinion Digests / Business Law / No Super-Majority Needed to Sell LLC’s Assets (access required)

No Super-Majority Needed to Sell LLC’s Assets (access required)

An LLC’s operating agreement does not require a super-majority vote to approve a sale of all or substantially all of the assets of the company, a maritime engineering training school, but the Norfolk Circuit Court says the issue of the compensation a dissenting member will receive in exchange for his membership interest in the LLC ...

Leave a Reply