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New York Business Divorce

Commentary on Dissolution and Other Disputes Among Co-Owners of Closely Held Business Entities

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Think Twice Before Putting 100% Quorum Requirement in By-Laws or LLC Agreement

By Peter Mahler on November 12, 2018

Posted in Corporate Governance, LLCs, Operating Agreement

This week’s New York Business Divorce examines an unusual case centering on an atypical quorum provision in an operating agreement requiring the presence of all managers in order to conduct any business.
Continue Reading Think Twice Before Putting 100% Quorum Requirement in By-Laws or LLC Agreement

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