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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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The Purposeless Purpose Clause Rides Again

Photo of Peter Mahler
By Peter Mahler on September 28, 2020
Posted in Grounds for Dissolution, LLCs, Operating Agreement

In a recent decision by Justice Andrea Masley, the court dismissed a petition to dissolve a realty holding LLC based on the operating agreement’s broad purpose clause of the any-lawful-business type. Get the full story in this week’s New York Business Divorce.
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