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Home / Opinion Digests / Business Law / No unilateral revocation of LLC voting rights (access required)

No unilateral revocation of LLC voting rights (access required)

There is no statutory or common law right for a limited liability corporation member to unilaterally revoke an assignment of voting rights to another member. In the alternative, the court “holds that the assignee members in the present case assigned their voting rights coupled with an interest. Thus, if common law principal-agency principles applied in this ...